Banking Archives - Business Journal

  Mr. Ifie Sekibo Managing Director/CEO Heritage Bank Limited Mr. Ifie Sekibo, Managing Director/Chief Executive, Heritage Bank Limited, has advised Small and Medium Enterprises (SMEs) to reinvent themselves in order to remain competitive and overcome the challenges of the COVID-19 pandemic. Speaking on “Converting ideas into reality with focus on SME’s”, Sekibo also stressed the

  The firstever digital graduation ceremony of the Stanbic IBTC Group was recently held in honour of the 17th Stream of Stanbic IBTC Holdings PLC Graduate Trainees who were themselves trained digitally. In his welcome remarks at the ceremony, Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC said the decision to organise a ‘virtual’ graduation

  Patrick Akinwuntan Managing Director Ecobank Nigeria   The Managing Director, Ecobank Nigeria, Patrick Akinwuntan called on parents to ensure their children study online and stay on top of their education despite the current closure of schools occasioned by the Covid -19 pandemic. Akinwuntan, in a message to mark this year’s Children’s Day, observed that the

  As businesses across the globe continue to adapt to the new normal as a result of the coronavirus (COVID-19), Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has identified strategic decisions that companies need to make in order to keep their businesses afloat. The leading full-service financial services organisation advised companies and

  The United States of America (USA) through its Department of the Treasury has written to the Board of Governors of the African Development Bank (AfDB) seeking an independent probe into allegations of ethics abuses by its president, Akinwumi Adesina. According to the AFP, US Treasury Secretary, Steven Mnuchin expressed “deep reservations” about the outcome

  Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance. Categories in the award include Top Innovations in Corporate Finance, Payments, Trade Finance, Cash Management, Islamic Finance, with

  As the impact of the coronavirus (COVID-19) continues to ravage various economies across the globe, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has advised that Nigeria and her citizens must take proactive measures needed to avoid the looming recession that is expected to follow the pandemic. Speaking during the Stanbic IBTC

  Vinod Madhavan Head of Trade Standard Bank The Covid-19 outbreak is set to significantly impact trade growth for the year as countries limit physical movement to curb the virus spread. While the health crisis undoubtedly has vast negative implications for global trade processes, it is one that could be turned into an opportunity as

  Debtors Africa – an independent searchable database of recalcitrant and delinquent debtors in Africa was launched into the market today, in addition a Debtors Report – a comprehensive analysis of the Debt/Non-Performing Loans Situation in the Nigerian Banking Industry was also presented for information. The report which was done in partnership with Proshare represents a culmination of

  Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria. The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on every transaction  processed. The consumer

  57 trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees  were last week hosted to a virtual graduation ceremony by the Ecobank Academy – the first of its kind by the bank in Nigeria as it positions itself as a high quality employer ready for the

  Ecobank Nigeria has encouraged its customers to obey the COVID-19 rules,  emphasizing the importance of social distancing to check the spread of the Coronavirus, especially when visiting the branches. The bank which gave this advice in a mail to customers also thanked them for their dedication and continued patronage while confirming that more branches

  Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has reaffirmed its exemplary role in promoting the tenets of gender balance in the country. The leading end-to-end financial solutions provider has emerged top of the list of Nigerian banks with the highest female representation on its board of directors. According to the Q1

    Business Highlights (Q1(2020) Recorded significant increases in customer adoption rates on our digital/online channels across our businesses. Adoption rates are expected to accelerate as COVID-19 induced lockdowns changes consumer behavior. The number and value of transactions grew by 8% and 15% to 4m and $6.1bn, respectively, on Ecobank Omni+, Corporate and Investment Bank’s corporate clients’ online

  By Elvis Eromosele Nigerians love cash. Despite the best efforts of the Central Bank of Nigeria (CBN), the bulk of transactions in Nigeria are still cash-driven. It is not surprising. Cash embodies power, it breeds a sense of security and many swear it has aphrodisiac properties. It is all too convenient to talk of