Category: Money market

   Pan African financial institution, United Bank for Africa (UBA) Plc has again given its loyal customers reason to cheer as it rewarded 100 loyal customers with N100,000 each in the UBA Bumper account draw.   The draw, which took place at the UBA head office on Tuesday, was held via Facebook platform in strict compliance with social distancing rules as directed by the federal and Lagos State Government where 100 more customers emerged winners through a transparent draw.   When contacted, the customers, who emerged winners of the draw,…

    Wema Bank Plc digital bank, ALAT by Wema, is celebrating three years of delivering financial services.   The bank in a statement made available to newsmen said ALAT had strategically positioned itself as a fast, reliable and convenient banking solution and will continue to align itself with evolving user habits and preferences, especially when users are quickly adjusting to a world where speed, efficiency and multiplicity will be the new normal.   “Known for reinventing the narrative in the delivery of financial services and experiential banking in Africa,…

    FirstBank Nigeria Ltd has expressed its appreciation to the public – especially its customers – for their continued patronage of its services during the coronavirus ( COVID -19) lockdown.   This is even as the lender has assured the public that stringent measures have been implemented to ensure its branches and locations across the country operate in line with the health and safety guidelines issued by the Nigeria Centre for Disease Control (NCDC to mitigate the spread of Coronavirus.   Expressing the bank’s delight at welcoming customers to…

    The naira yesterday continued its recovery against the dollar on the parallel market after slumping to N460 to the greenback about two weeks ago.   As the Federal Government’s partial lifting of the COVID-19 lockdown in Lagos State, the Federal Capital Territory (FCT) Abuja commenced on Monday, the naira further appreciated to N430/$1 from N450 per dollar last Friday.   Analysts attribute the local currency’s recovery to the International Monetary Fund’s (IMF) approval of Nigeria’s $3.4billion loan request, as well as the Central Bank of Nigeria’s (CBN) announcement…

  Access Bank Plc is set to splash millions of naira on lucky customers who will emerge winners in the forthcoming DiamondXtra monthly draw.   According to Adaeze Ume, Group Head, Retail Products and Segments, Access bank Plc, “we have been encouraging our customers to stay safe and stay connected by using our various digital channels this period. We know these are trying times and our customers need funds to pay essential domestic bills, send money to their loved ones and also save up for unforeseen circumstances since we don’t…

  The African Development Bank (AfDB) Group has blacklisted China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for alleged fraudulent practices.   In a statement posted on its website yesterday, the AfDB said: ”An investigation conducted by the bank’s office of Integrity and Anti-Corruption established that China Zhonghao Nigeria Limited, as a member of a joint venture with Oceanic Construction and Engineering Nigeria Ltd., was jointly responsible for its joint venture partner’s fraudulent misrepresentations of its year of incorporation, the value of its reference…

  Polaris Bank has once again commended medical professionals those on  the frontlines of the fight to flatten the COVID-19 curve, even as the nation continues to battle the spread of the pandemic.   In a statement issued in the wake of Federal Government’s extension of the lockdown in Abuja, Lagos and Ogun states, The bank’s Head, Strategic Brand Management and Communication, Nduneche Ezurike, hailed the role of medical personnel in the fight against the virus that is currently ravaging the entire world.   The bank also praised the media…