Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019, subject to the Central Bank of Nigeria (CBN) approval. The appointment is consistent with the bank’s tradition and succession strategy of grooming leaders from within. Onyeagwu replaces Mr. Peter Amangbo, whose tenure
Mastercard is expanding its Engage programme in sub-Saharan Africa, with the first Engage events in Nigeria and Kenya to introduce local fintech innovators to its broad partnership opportunities. Mastercard Engage, launched to fintechs in Nairobi and Lagos, is a global partnership and development programme that builds digital payment technology ecosystems and enhances speed to market.
Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018. The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never
In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial institutions and merchants driving electronic
Women entrepreneurs in Nigeria who desire affordable and convenient funding to boost their respective businesses, can now do so. This is because Women in Business at First City Monument Bank Limited (FCMB) are set to launch a proposition that offers zero-interest rate on loans to small and medium scale enterprises (SMEs). The development is in
The Group Chief Executive Officer of the Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has said the bank is committed to building a strong robust banking platform to drive financial services and accommodate the effects of disruptive technology in Nigeria. Agbaje said this at the 2019 edition of the Social Media Week in Lagos
Kenya’s Safaricom, the telecommunication company that is driving the country’s financial inclusion through mobile money is bigger than most of the country’s banks. Investigation by Businessday revealed that some Nigerian banks worry that Africa’s largest economy may take after Kenya if Telcos are given the same opportunity but Access and Diamond bank, due to be
The Nigeria Army in conjunction with First Bank of Nigeria Limited on Tuesday launched “Agent Banking Scheme” for army personnel at the 20 Battalion Serti in Taraba. The Chief of Army Staff, Lt. Gen. Tukur Buratai explained that the aim of the scheme was to bring banking services closer to the barracks community especially the
First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, has announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by FirstBank and Azuri.
Heritage Bank Limited, Nigeria’s most innovative banking service provider, has partnered with Vanguard Media to organise the 2019 edition of its economic discourse in a bid to achieve inclusive economic development in the country. The theme of the discourse is Human Capital Index versus Economic Growth, Nigeria’s policy options. The discourse was informed by the
