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First Bank announces new MD, CEO

First Bank announces new MD, CEO

First Bank has announced the appointment of Mr Gbenga Shobo as its new Managing Director/Chief Executive Officer. The Board of First Bank of Nigeria approved Shobo’s appointment at a meeting today, April 28. Mr Shobo, who is the current Deputy Managing Director, succeeds Sola Adeduntan, who will be leaving the bank in accordance with the...

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Access Bank obtains fifth largest bank in Botswana

Access Bank obtains fifth largest bank in Botswana

Access Bank said on Monday it has agreed to buy a majority stake in African Banking Corporation of Botswana for cash, a month after it acquired a South African bank. Access Bank is expanding across Africa to counter stagflation at home and dollar shortages that have frustrated businesses. The lender will acquire just over 78...

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FirstBank launches new corporate website, reiterates its commitment to Service Delivery Excellence

FirstBank launches new corporate website, reiterates its commitment to Service Delivery Excellence

FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at https://www.firstbanknigeria.com/. The new website is upgraded with features that are streamlined to reinforce its role in delivering seamless banking and technology solutions to its customers across the world. The website is configured with modern...

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Customers reconnected to USSD after MTN, banks Tuesday meeting

Customers reconnected to USSD after MTN, banks Tuesday meeting

MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday. The channels were blocked as a result of MTN reducing the banks’ commission on USSD airtime to 2.5 per cent. However, following the intervention by the...

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Entrepreneurs from Nigeria, Morocco establish Business Council in Rabat

Entrepreneurs from Nigeria, Morocco establish Business Council in Rabat

Delegation of entrepreneurs from Nigeria has met its counterparts in Morocco and signed an agreement that established the Nigeria/Morocco Business Council in Rabat, the capital of Morocco. The agreement, which was signed and adopted by the duo, is expected to explore and break new grounds for business opportunities in the two countries. Chairman of the...

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NEXIM, Afreximbank gather $50m funding for SMEs

NEXIM, Afreximbank gather $50m funding for SMEs

The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria. NEXIM announced on Tuesday in Abuja that the $50m Project Preparation Fund for Nigeria was for the provision of technical assistance to bankable SMEs, especially those promoted by women...

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Dangote ready to earn N13bn in dividend from sugar business

Dangote ready to earn N13bn in dividend from sugar business

Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020 from his stake in Dangote Sugar Refinery Plc. Africa’s richest man is set to earn N1.50 per share on his direct and indirect investments in Dangote Sugar Refinery PLC, where he holds a direct stake of...

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Experts task brokers on time management, work-life, others

Experts task brokers on time management, work-life, others

Insurance brokers under the aegis of the Nigerian Council of Registered Insurance Brokers (NCRIB), Lagos Area Committee (LAC) have been asked to imbibe the habit of effective time management focus, create a healthy work-life and mental balance, among others, in the midst of the coronavirus pandemic. These were the submission of two Speakers at the...

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Leverage Digital Solutions For Sustainable Businesses- Expert Tells Insurance Brokers

Leverage Digital Solutions For Sustainable Businesses- Expert Tells Insurance Brokers

Insurance brokers have been advised to leverage digital solutions to help sustain their businesses amid the COVID-19 pandemic. Speaking during the general meeting of the Nigerian Council of Registered Insurance Brokers (Lagos Area Committee), Obafemi Oshinowo, Director, L&D, Leadway Assurance Company Limited said the world has gone digital and there is no going back, therefore...