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Andrea Ayemoba's Blog – July 2012 Archive (22)

African Bank gives Malawi $40mn in Budget Support

The African Development Bank on Friday gave impoverished Malawi $40 million in budget help, just days after two of the country's biggest donors, the World Bank and Britain unveiled new aid packages.

The AfDB grant is the latest sign to the nation's improving fortunes.

Finance Minister Ken Lipenga was quoted by the official Malawi News Agency at the signing of…

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Added by Andrea Ayemoba on July 26, 2012 at 2:46pm — No Comments

AfDB Injects USD15 million Equity into African Trade Insurance Agency to support African Trade and Investment

The Board of Directors of the African Development Bank (AfDB) has approved recently a USD15 million equity investment in the African Trade Insurance Agency (ATI) to increase its capital base. This contribution will allow ATI to increase its provision of trade, credit and political risk insurance products that encourage foreign direct investment and trade in…

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Added by Andrea Ayemoba on July 26, 2012 at 2:30pm — No Comments

AfDB Stands Ready to Support African Countries in Establishing Continental-Free Trade Area by 2017

The African Development Bank (AfDB) stands ready to assist African countries in implementing the physical infrastructure needed for the establishment of the Continental Free Trade Area by 2017, said its president, Donald Kaberuka.

Addressing the NEPAD Heads of State and Government Orientation Committee which met during the African Union Summit held between 9 and…

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Added by Andrea Ayemoba on July 26, 2012 at 2:30pm — No Comments

Dunn Loren Merrifield Wins Award As Best Debt House In Nigeria

At the 9th prestigious Nigerian Investment Banking League Awards, Dunn Loren Merrifield (DLM) won the award for the Best Debt House 2011, in recognition of its significant contribution to the domestic financial markets. This achievement undoubtedly confirms the growing status of DLM as an investment bank to be reckoned with in Nigeria. Other well-established…

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Added by Andrea Ayemoba on July 25, 2012 at 2:29pm — No Comments

World Bank to Support Nigeria’s Final Push to Eradicate Polio

The World Bank’s Board has approved an International Development Association (IDA)* credit of US$95 million for the Nigeria Polio Eradication Support Project, which will help the country to achieve and sustain at least 80% polio immunization across all states, supporting the eventual eradication of the disease from Nigeria.

The project will finance roughly 655 million doses of oral…

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Added by Andrea Ayemoba on July 25, 2012 at 2:26pm — No Comments

GTBank Introduces Account for Senior Citizens

Guaranty Trust Bank plc, one of Nigeria’s foremost financial institutions has introduced a new current account for Senior Citizens called ‘The GTBank Seniors Account’. The new banking product, which is the first offering of its kind by any Nigerian Bank, is designed to allow indigenous persons aged 70 years and above to enjoy all banking services…

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Added by Andrea Ayemoba on July 18, 2012 at 12:33pm — No Comments

"Fidelity is Nigeria’s Soundest Bank" – The Banker

The world-renowned Banker magazine, a subsidiary of The Financial Times of London, last weekend released its ranking of the Top 1,000 banks in the world. Among the highlights is the listing of two Nigerian banks among the “soundest banks” in the world by virtue of their capital adequacy. Fidelity Bank was ranked Nigeria’s soundest bank, with a capital to asset ratio of…

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Added by Andrea Ayemoba on July 16, 2012 at 2:23pm — No Comments

GTB Named the Best Bank in Nigeria for the Fourth Consecutive Year

Guaranty Trust Bank (GTB) plc has been named the Best Bank in Nigeria by Euromoney Magazine, for the fourth consecutive year.

The award was presented in London earlier this month at the 2012 Euromoney Awards for Excellence Dinner, which recognized the excellence of financial institutions around the world.

Clive Horwood, editor of…

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Added by Andrea Ayemoba on July 16, 2012 at 2:22pm — No Comments

Keshi Gives Success Recipe to Gtbank Ambassadors

With the tips that made him what he is today, Super Eagles’ coach, Stephen Keshi, on Monday gave a pictorial description of his rise to the top to some students of Lagos State schools.

Keshi, who was one of the resource persons at the Guaranty Trust Bank’s (GTB) Tournament Ambassadors Programme (TAP), told the participants that there was…

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Added by Andrea Ayemoba on July 16, 2012 at 2:21pm — No Comments

Innovation Prize for Africa (IPA) 2013 to Award USD 150,000 to Winners! Applications Open Now …

The second round of the Innovation Prize for Africa (IPA), which aims to reward innovation across Africa in key sectors of interest, was launched on 2nd of July. It will award USD 150,000 to winners who deliver market-oriented solutions for African-led development.

The Prize is a joint…

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Added by Andrea Ayemoba on July 16, 2012 at 2:00pm — No Comments

Africa Fashion Week London Announces Partnership with Guaranty Trust Bank

The organizers of Africa Fashion Week London are pleased to announce Guaranty Trust Bank as one of this year’s official partners for London’s premier fashion event scheduled to take place on 3-4 August 2012 at London Spitalfields.

Guaranty Trust Bank, one of Africa’s largest financial services providers, is once again set to reinforce its position as a foremost African…

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Added by Andrea Ayemoba on July 13, 2012 at 5:02pm — No Comments

Access Bank Takes Social Responsibility Campaign to Ham Polo Club

Access Bank Plc, a leading African financial institution, extended its corporate social responsibility campaign to London's oldest polo ground on Sunday 8 July 2012. In conjunction with UNICEF and Fifth Chukker, the event was held to highlight the needs of orphaned and vulnerable children in Nigeria.

Ham Polo Club was the setting for this inaugural 'Access Bank Day' which was…

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Added by Andrea Ayemoba on July 13, 2012 at 4:55pm — No Comments

[Business Interview] Wale Adebayo, MD/CEO, Nissi-Lloyds Capital Investments - "Africa is the most Investable Continent."

International banker, Managing Partner/CEO of Nissi-Lloyds Capital Investments, Wale Adebayo, speaks candidly on the Banking and Finance Industry in Africa and beyond. His interview:

Can you tell us about your company and where you operate from?

Nissi-Lloyds Capital and…

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Added by Andrea Ayemoba on July 13, 2012 at 1:30pm — No Comments

Seal Up of FirstBank Branch, Ibadan

The Management of FirstBank hereby wish to say that the cause of the recent lock down of our New Ring road branch in Ibadan is being investigated and we have engaged with the providers of the said  disputed equipment and actions are currently being taken to get to the root of the issue and arrive at a possible and quick resolution.

FirstBank would not willingly…

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Added by Andrea Ayemoba on July 12, 2012 at 2:24pm — No Comments

Fidelity Bank Secures Principal MasterCard License

Fidelity Bank Plc has concluded plans to aid its e-payment solutions and cashless initiatives. The Bank has received a principal license from Master Card Worldwide, which will allow it issue master card solutions to all the market segments in Nigeria. The license also allows the Bank to acquire transactions and bring in other banks within and outside Nigeria. This move further…

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Added by Andrea Ayemoba on July 11, 2012 at 2:18pm — No Comments

UBA Grosses N111bn in Earnings, Grows Profit by 159% in H1

In full attestation to the turnaround in its business performance, United Bank for Africa has recorded yet another superlative financial performance in the second quarter of 2012.

The bank which is reputed to be one of the largest financial services Groups in Africa with operations in 19 African countries and three global financial centers - London,…

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Added by Andrea Ayemoba on July 11, 2012 at 2:17pm — No Comments

Fidelity Bank Gives Water to Blind Students in Umuahia

Fidelity Bank Plc has continued to demonstrate its commitment to helping the less privileged in the society by embarking on projects that would positively impact on their lives and thereby, make the world a better place to live.

This much was amply illustrated at the weekend by the staff of Fidelity Bank, Umuahia , who under the platform of the Fidelity Helping…

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Added by Andrea Ayemoba on July 11, 2012 at 2:16pm — No Comments

Seven Nigerian Banks Ranked Amongst World’s Top 1000

According to the Banker Magazine, a publication of the Financial Times of London, seven of the banks in Nigeria have been listed amongst the top 1000 banks in the world, namely Zenith Bank, First Bank, Guaranty Trust Bank, Access Bank, United Bank for Africa, Fidelity Bank, First City Monument Bank and Skye Bank.

The metrics used to determine…

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Added by Andrea Ayemoba on July 10, 2012 at 3:38pm — No Comments

AfDB’s First Private Sector Operation in Côte d’Ivoire in over a Decade - Financial Closure Ceremony for the Henry Konan Toll Bridge Project

The financial closing ceremony for the construction, operation and maintenance of the Henry Konan Bedie Toll Bridge Project in Abidjan ('Abidjan’s 3rd bridge') was held at the White & Case law firm Paris on 28 June in a ceremony attended by the Ivorian Minister of Economy and Finance, Charles Koffi Diby and the Minister of Economic Infrastructure, Patrick Achi.



As the…

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Added by Andrea Ayemoba on July 10, 2012 at 2:32pm — No Comments

GTBank wins Euromoney Award for the 4th Consecutive Year

Guaranty Trust Bank plc, one of Africa’s leading Banking Groups has been recognized as the 2012 ‘Best Bank in Nigeria’ by Euromoney Magazine for the fourth consecutive year.

The award which was presented during the 2012 Euromoney Awards for Excellence Dinner, in London on July 5th, 2012, recognizes financial institutions worldwide that have recorded significant feats…

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Added by Andrea Ayemoba on July 9, 2012 at 4:53pm — No Comments

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