Fineco gives staff 400 euro bonus, steps up remote working temporarily

Posted by - December 29, 2022

Italian asset gatherer FinecoBank has temporarily given staff an extra two days, a month of remote working to help nationwide energy savings efforts and will give employees a net 400 euro ($425) bonus for energy bills. Based on the accord signed this year, Fineco staff have 12 days a month of remote working. However, the

MTN Nigeria is about to Become a Bank

Posted by - August 14, 2019

The fledgling mobile money market in Nigeria is about to get a major shake-up. MTN Nigeria, the country’s largest telecoms operator, has been granted a “super-agent” license which allows it to set up an agent network through which it can provide financial services. It’s the first step in MTN’s plans to finally roll out mobile

Access Bank Posts N45bn pre-tax profit

Posted by - April 18, 2019

Access Bank Plc recorded N45.10 billion as Profit Before Tax, for its first quarter ended March 31, 2019, representing 64.4 percent increase compared to N27.44 billion posted in the corresponding quarter in Q1’18. Highlights of the bank’s Q1 financial statement was released on the Nigerian Stock Exchange, NSE, showed that the bank’s earnings rose by

Standard Chartered Bank in Tanzania launches ‘Belt and Road Relay’

Posted by - April 15, 2019

Standard Chartered Bank in Tanzania has launched its Belt and Road Relay, the first-ever global running event on the back of the China-proposed Belt and Road Initiative (BRI). The launch of the Belt and Road Relay by Standard Chartered Bank in the commercial capital Dar es Salaam made Tanzania the 31st host of the Belt

FSDH Merchant Bank projects 11.29% inflation rate for March

Posted by - April 8, 2019

FSDH Merchant Bank has projected a further decline in the inflation rate to 11.29 percent in March. The inflation rate declined for two consecutive months from 11.44 percent in December to 11.31 percent in February, according to data from the National Bureau of Statistics (NBS). “FSDH Research expects the March inflation rate to drop marginally

Ebenezer Onyeagwu becomes Zenith bank new GMD/CEO

Posted by - April 8, 2019

Nigeria’s leading bank, Zenith Bank Plc as announced the appointment of Mr. Ebenezer Onyeagwu to its Board of Directors as the Group Managing Director/Chief Executive Officer of Zenith Bank Plc. The appointment takes effect from June 1, 2019 subject to the Central Bank of Nigeria (CBN) approval. He replaces Mr. Peter Amangbo, whose tenure expires

Heritage Bank foster financial inclusion strategy on Global Money Week

Posted by - April 2, 2019

Heritage Bank Plc has joined the world to mark the Global Money Week (GMW) with series of educational programs targeted at tutoring children on the importance of financial literacy, while promoting savings, drive financial inclusion, invariably gain a higher standard of life and attain secured economy. For the sixth year running, Heritage Bank has successfully

Barclays Bank Ghana announces 35% growth in its support to customers

Posted by - April 1, 2019

Barclays Bank Ghana, a member of Absa Group, recorded an impressive growth of support to its customers and businesses during 2018, the bank’s 2018 financial results released recently has indicated. According to Barclays, it increased its loans and advances to customers to the tune of GH¢3,125 million last year which represented a growth rate of

Fidelity Bank grows profits by 30.6% to N25.1 billion

Posted by - April 1, 2019

Fidelity Bank has announced an impressive financial result for the year-ended December 31, 2018.The performance, which capped a remarkable year, showed strong growth in gross earnings, profits and other key financial indicators. The top Nigerian lender, which reportedly leads tier two banks, posted a 4.8 per cent growth in gross earnings from N180.2 billion to

Zola Electric, Sterling Bank seal power deal

Posted by - March 25, 2019

American renewable energy firm, Zola Electric and Sterling Bank, has signed a memorandum of understanding (MOU) on financing Nigerian households and businesses that yearn for reliable 24-hour power supply. The partnership, which was sealed in Lagos recently, aims at deepening access to reliable clean power supply to Nigerians through Zola solutions and loans from Sterling