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Andrea Ayemoba's Blog (80)

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…


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…


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,…


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…


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…


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…


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…


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

GTBank’s Profit Tops Sub Regional Banks in Sierra Leone

GTBank Sierra Leone a subsidiary of West African focused banking giant GTBank plc has now become an entrenched major player in Sierra Leone’s banking industry. The bank’s profits figures for the period ended 31st December 2011 outperformed all sub regional banks operating in Sierra Leone.

The bank incorporated in the country ten years, and entering the sierra Leone…


Added by Andrea Ayemoba on July 5, 2012 at 4:23pm — No Comments

UBA Reduces ATM Charges for Customers

In an unprecedented move designed for the benefit of customers, United Bank for Africa, UBA has reduced the charges associated with ATM cards, significantly lowering the cost of transactions, particularly for its Verve Debit card customers.

Instead of the monthly charge of N100 which is a flat fee charged to all ATM card holders, UBA has introduced a pay-as-you-go charge structure. In the…


Added by Andrea Ayemoba on July 4, 2012 at 3:34pm — No Comments

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

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

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

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