Wema Bank found itself on the wrong side of 7 Nigerian laws in 2023, paying penalties totalling N61.350 million in one year. This was revealed in the bank’s full-year 2023 financial statement, which showed that the lender contravened a cybersecurity law, a section of the Bank and Other Financial Institutions Act (BOFIA) 2020, the Central…
In an inspiring call to action at the World Out of Home Organization (WOO) Forum, Yetunde Adegbite, Managing Director iProspect Nigeria, an integrated marketing communications under Dentsu has emphasized the significant digital transformation opportunities awaiting out-of-home (OOH) advertising professionals, particularly in emerging markets. Delivering a keynote on “The Market & Media Landscape of Nigeria,” Yetunde’s…
Infosys Finacle, the industry leader in digital banking solutions, hosted the Finacle Nigeria Banking Connect 2024 in partnership with IBM and CWG on February 24 at the Eko Hotel, Lagos. Over 200 senior bankers representing all the leading banks in Nigeria attended the event. The conference theme – Recomposing Banking – had sessions covering the…
At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF), and its unique approach to catalysing entrepreneurship in Africa. The Foundation, Africa’s leading funder of young entrepreneurs, has…
In a strategic move aimed at furthering its mission to empower African traders with the necessary payment solutions for thriving in the digital era, Squad, a fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), offering comprehensive payment and e-commerce solutions for businesses, has entered a partnership with OmniPay, a subsidiary of OmniRetail Inc. This…
The Nigerian private sector returned to growth in December, with renewed increases in both output and new orders recorded amid some signs of recovery in demand. This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at sharper rates than in November. Meanwhile, business confidence dropped to the joint-lowest in…
Nigeria’s premier university, University of Ibadan (UI) has appointed the Group Managing Director/CEO of United Bank for Africa.(UBA) Plc, Mr. Oliver Alawuba, as an Ambassador of the university following the commemoration of its seventy-five years in existence. The conferment on Alawuba, who is himself an alumnus of the great institution, is in recognition of his sterling contribution…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group and the leading end-to-end financial services provider in Nigeria, recently announced various Board appointments across the Group. These appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the financial services sector. Mrs. Ndidi Nwuneli,…
Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been honored with the prestigious Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to clients worldwide. The award recognises…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, proudly received two coveted awards at the esteemed International Finance Corporation (IFC) and Nigerian Exchange Limited (NGX) Nigeria2Equal Program Dinner and Awards event which was held in Lagos. The event celebrated organizations that exemplified unwavering dedication to gender equality and the empowerment of women in the workplace. Stanbic IBTC…