BANKING

[COMMUNITY] CAFON SECURES REFUND OF MAMA ASHAYE’S STOLEN PENSION FROM DIAMOND BANK.
BRANDWEEK REPORT

Sometimes around September 15, 2017 news broke online about the theft of a pensioner that we are going to know by the name Mama Ashaye. It was a whooping sum of over N500,000. All efforts to reach the branch manager of the ikosi CMD branch of diamond bank proved abortive, until the president of Consumer Advocacy foundation of Nigeria CAFON, Mrs Sola Salako Ajulo waded into the matter with threats to sue Diamond bank if the elderly pensioner wasn’t refunded....

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Friday, 17 November 2017
[AGENCY NEWS] DIAMOND BANK APPROVES NEW NON-EXECUTIVE DIRECTORS. CHECK OUT THEIR PORT FOLIO:
AGENCY NEWS

The Board of Directors of Diamond Bank Plc, has appointed Mrs. Juliet Anammah, Mrs. Aisha Muhammed Oyebode and Mr. Dele Babade as it’s Non-Executive Directors.   The approval of the Central Bank of Nigeria (CBN) for these appointments has been granted.   Mrs. Juliet Anammah Mrs. Anammah holds a degree in B. Pharm from the University of Nigeria, Nsukka, an MBA in Finance from ESUT Business School. Mrs. Anammah is a reputable business consultant with many years spent in management...

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Wednesday, 26 July 2017
#BRANDACQUISITION: ZENITH, ACCESS, GTBANK ETISALAT TAKE OVER; THE TRUE STORY. READ:
BRANDS

The Nigerian Communication Commission, NCC is still battling in an effort to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks that gave credit facilities to the troubled Nigerian based UAE telco brand. Guaranty Trust Bank, Access Bank, and Zenith Bank, have been having a running battle with the mobile telephone operator over a loan facility totaling $1.72 billion (about N541.8 billion) obtained in 2015. The loan, which involved a foreign-backed guaranty bond was for Etisalat to...

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Thursday, 09 March 2017
[PROMO] FCMB ANNOUNCES WINNERS FOR FLEXX PROMO. READ:
LINKS

    Adamu Nuru MD/CEO FCMB Nigeria. FIRST City Monument Bank (FCMB) Limited has rewarded one of its customers, Samuel Precious Onyekachi, with a brand new Hyundai Veloster car, in its loyalty reward scheme – Flexx Promo. She emerged at the draws ceremony held at the Lagos University Teaching Hospital, Idi-Araba, Lagos. Another set of 100 winners received smart phones, while 20 others were beneficiaries of bursary awards to the tune of N50,000  each. The promo, which ran for nine...

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Tuesday, 07 March 2017
[BRANDS]#DEBRANDING: MTN NIGERIA DISCONTINUES MOBILE MONEY SERVICES IN SOUTH AFRICA.
ADBUZZ

​South African mobile phone operator, MTN Group, on yesterday scrapped its local mobile money business due to its high operating cost. The Brand said, in a statement in Johannesburg, that the business was no longer viable in a country where around three quarters of the population already had a bank account. “The operating costs of providing a mobile money platform has become prohibitive,” MTN said. MTN said its decision did not mean a complete exit from financial services. “MTN is...

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Friday, 16 September 2016
[BRANDS] #BANKING: FIRST BANK CONFIRMS OLUSEGUN ALEBIOSU AS CHIEF RISK OFFICER. 
ADBUZZ

​First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, yesterday announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO).  Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.  Mr. Alebiosu’s appointment, which is still subject to approval by the Central Bank of Nigeria (CBN), is consistent with FirstBank’s focus on corporate governance and best practice, and ensuring a balance of knowledge, judgment and...

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Wednesday, 07 September 2016
[BRANDWEEK REPORT]#BANKING: ALIKO DANGOTE LAUNCHES SUNTRUST BANK.
AGENCY NEWS

​SunTrust Bank is the first regional bank to receive a new license by the Central Bank of Nigeria (CBN) since 2001 and the first full-fledged financial technology bank in Nigeria.  The Bank is the first commercial bank that runs minimal branches and focuses on electronic channels by offering telephone, mobile and internet banking services. According to Dangote who chaired the opening ceremony at the Bank’s headquarter in Lagos, Fintech Bank is a welcome development in this era of cashless economy....

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Wednesday, 24 August 2016
[BANKING] #CS: KPMG ENDORSES ZENITH BANK AS MOST CUSTOMER FRIENDLY BANK.
AGENCY NEWS

      Jim Ovia-Chairman Zenith bank plc ​ZENITH Bank Plc has been rated Nigeria’s most customer-focused bank by KPMG. In the 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6 points to clinch the prime position in the retail banking category thereby re-enacting the feat it achieved in 2013 and 2014.  Guaranty Trust Bank came second with 74.1 points closely...

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Thursday, 21 July 2016
[BRANDWEEK] #REPORT: SKYEBANK SHARE RISES FOLLOWING ACQUSITION BY CBN AND AMCON. READ:
AGENCY NEWS

​The equities market closed today on a negative note, as Nigerian Stock exchange ALL SHARE INDEX ( NSE ASI) depreciated by 0.25% to close at 28,733.90 basis points , compared with the 0. 36 % appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +0 .32%. Market breadth closed negative as SKYEBANK led 10gainers against 31 topped by CONTINSURE at the end of today’s session-an unimproved performance when compared with previous outlook. Market turnover closes positive as volume moved...

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Wednesday, 20 July 2016
[BANKING] #SPONSORSHIPS #CSR: FCMB PLEDGES SUPPORT AS NESTLÉ UNVEILS N5.7Bn WATER FACTORY.
AGENCY NEWS

To further promote real sector investments, First City Monument Bank (FCMB) Limited, has assured its stakeholders that it will continue to deepen its support to projects and other initiatives that would impact significantly on Nigerians and the nation’s economy in a sustainable manner. This, according to the Bank, is in line with its values as a simple, reliable and helpful financial institution committed to the well-being of individuals and businesses. The assurance was given by the Executive Director, Business Development...

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Monday, 18 April 2016
[BREAKING NEWS] GTBANK REINSTATES FOREIGN CASH DEPOSIT POLICY START THEIR OWN BLOG.
ADBUZZ

Release statement: Check out GTBlog here: www.635.GTBANK.com Posted by: ©thebrandradio 2016. All rights...

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Tuesday, 12 January 2016
[BRANDS] IBM AND LINUX IS WORKING ON OPEN SOURCE LEDGER FOR BANKS TO COMPLEMENT BITCOIN AND BLOCKCHAIN.
BRANDS

According to a report from Accenture, in near future, the financial institutes will explore blockchain technology in a bigger way. To make this process easier, IBM, The Linux Foundation, and other tech giants have partnered with big banks to announce an open source project called the “Open Ledger Project” which would inadvently simplify bitcoin transactions for banks interested in moving ahead on the blockchain track (a backbone technology that makes bitcoin work). The new open source project will address the...

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Saturday, 19 December 2015