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Andrea Ayemoba's Blog (80)

FirstBank Holds EGM on Group Holding Structure

In a move that signifies a bold step towards consolidating its operations into a group structure, Nigeria’s number one Bank Brand, First Bank of Nigeria Plc (FirstBank) will hold a court-ordered Extra Ordinary General Meeting (EGM) on September 24, 2012 where shareholders of the Bank are expected to ratify the emergence as a holding company from the…

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Added by Andrea Ayemoba on August 27, 2012 at 3:42pm — No Comments

Government of Ethiopia and AfDB Sign US$ 251-million Loan Agreement to Finance Basic Services

The Government of Ethiopia and the African Development Bank signed a US$ 251-million loan agreement Friday for the “Promoting Basic Services” (PBS) Phase III Program at a ceremony held at the Ethiopian Ministry of Finance and Economic Development in Addis Ababa. H.E. Ahmed Shide, State Minister of Finance and Economic Development, and Mr. Lamin Barrow, the Bank’s Resident Representative in…

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Added by Andrea Ayemoba on August 27, 2012 at 3:37pm — No Comments

Access Bank Ranks Amongst top-listed 25 West African Companies

Access Bank has emerged tops amongst highly rated West African companies in a rating by Forbes Magazine and Africa Business News (ABN Productions), the parent company of the pan-African financial and business channel, CNBC Africa. The list of the ‘Top Listed 25 West African Companies’ was made public at a special award ceremony organized by Forbes Africa in Lagos…

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Added by Andrea Ayemoba on August 27, 2012 at 3:35pm — No Comments

Statement by IMF Managing Director Christine Lagarde at the Conclusion of Her Visit to Egypt

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) made the following statement at the conclusion of her visit to Cairo, Egypt, where she met with the authorities:



“It has been a great pleasure to be back in Egypt, for the first time as Managing Director of the IMF. I was pleased to see firsthand how the country is managing the…

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Added by Andrea Ayemoba on August 23, 2012 at 2:06pm — No Comments

Access Bank Receives ISO’s Security Management Certification

In attestation of its enviable security management process, Access bank has received ISO27001: 2005 certification from British Standard Institute (BSI). The certificate was presented to the Bank at its Lagos, Head Office over the weekend.



The certification was in recognition of its commitment to ensuring safety of its transaction platforms and information assets…

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Added by Andrea Ayemoba on August 23, 2012 at 2:02pm — No Comments

GTBank (Ghana) Limited is now ISO 9001:2008 Certified

Guaranty Trust Bank (Ghana) Limited having been rigorously assessed by independent external auditors has now been certified as meeting the requirements of the internationally respected Quality Management System (QMS) standards-measuring instrument ISO 9001:2008.



This certification confirms that GTBank has an effective Quality Management System (QMS) in place. The…

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Added by Andrea Ayemoba on August 23, 2012 at 2:01pm — No Comments

AfDB President Mourns Prime Minister Meles Zenawi

The President of the African Development Bank Group, Donald Kaberuka (left), has expressed his sadness over the passing of Prime Minister Meles Zenawi of the Federal Democratic Republic of Ethiopia.

In his condolence message to the government of Ethiopia, President Kaberuka said: “Prime Minister Meles Zenawi was a visionary and transformational leader of his country and…

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Added by Andrea Ayemoba on August 23, 2012 at 2:01pm — No Comments

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

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