FLYCOMNEWS

  More Winners Emerge in Access Bank’s DiamondXtraWins Campaign   No fewer than 9,000 customers of Access Bank Plc have emerged in the ongoing DiamondXtra campaign tagged  XtraWins . The leading retail bank in Nigeria designed the promo to reward customers for saving and transacting on its digital channels. According to the lender, the XtraWins initiative was borne out of the need to encourage customers to remain safe as they carry out their transactions in these times. The initiative also aims at rewarding loyal customers for choosing digital channels, giving them the opportunity to win cash prizes for performing transactions daily using the Access Bank USSD code *901# or the AccessMore App. The beauty of the  XtraWins  campaign is that customers can win repeatedly as long as they keep transacting with our digital channels and carry out the number of transactions required to qualify for the daily draws. Lucky customers can win from N500 to N1 million when they ...

Once beaten, twice shy. This very common but important words may have defined the reasons why a handful of Nigerians most especially customers of financial institutions trooped out in their large numbers to storm the banks in order to rectify their accounts in one way or the other. According to a privileged information made available to us, this move was necessarily taken by the people to guide against yet another sudden pronouncement of a nationwide stay at home order by the presidency which hit them unprepared. The last two months have, therefore being those of a painful experience of brutal hunger, gnashing of teeth and visible regret of no preemption. It was indeed almost 60 days of abject poverty or what could simply be defined as an impromptu financial colonization. Save for the humanitarian and philanthropic gestures of some kind-hearted compatriots who benevolently gave out relief packages like food items and cash, Nigeria could have recorded an amazing death rate not ...

Access Bank Plc has been ranked as the overall best company in Corporate Social Responsibility (CSR) and Sustainability in Nigeria for the year 2019 as published in Forbes Africa, TCPNews Reports The ranking was based on a result drawn from impact assessments of 910 organisations operating in Nigeria over the last 13 years. According to the report, the ranking took into cognizance Access Bank’s participation in impactful national projects, its recognitions, and ratings from international award bodies, investment in CSR and sustainability in the period under review. Reacting to the ranking, the Head, Sustainability, Access Bank Plc., Omobolanle Victor-Laniyan said: “Access Bank has a corporate strategy and philosophy which places sustainability at its core. We ensure that our projects and initiatives are impactful and strategically linked with the United Nations Sustainable Development Goals. “Over the years we have recorded outstanding results by undertaking several initiati...

The Managing Director, Fidelity Bank Plc, Nnamdi Okonkwo, says the bank will continue to support the small and medium enterprises because it recognises them as being critical agents of economic development and transformation in Nigeria and the world at large. He said this during the CEO’s hangout event  organised by the bank as a mentoring and networking engagement with women entrepreneurs, in celebration of the 2020 International Women’s Day,  while making a presentation on ‘Talking points for MD & CEO on funding for women-owned businesses,’ in Lagos. He said, “Indeed, our long-running support for the growth and development of small businesses in Nigeria stems from our recognition of SMEs as critical agents of economic development and transformation in Nigeria and the world at large. “While MSMEs have continued to help us to do this through greater utilisation of raw materials, employment generation, linkages with bigger industries, etc, they,...

Ecobank Nigeria has unveiled a new product offering, Xpress Save and Xpress Loan, enabling customers to conveniently & speedily open digital savings accounts and also obtain short-term micro credit loans using their mobile phones through a USSD platform, *326#. Unveiling the product in Lagos, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan this announced that this innovative product is part of the bank's overall strategy to drive financial inclusion and make full banking truly accessible to all in Nigeria. According to him, Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy and at the same time expand access for eligible customers to obtain short term micro credit loans to bridge cashflow gaps thus contributing to the national efforts to deepen financial inclusion.  We announced our plans to take banking to every neighborhood in Nigeria no matter how far, through our agency banking - the Ecobank Xpress Point....

At the heart of empowering a nation and developing communities is women empowerment, letting them express their opinions as individuals. Studies and research carried out by organizations such as the World Bank, International Monetary Fund and Africa Development Bank continue to assert this by adopting gender-based strategies in a bid to eradicate poverty and improve the economy of a nation. Empowering women by granting them access to vast opportunities and information will not only lead to personal development for women but also the development of the communities and societies they operate in. Access Bank remains at the forefront of women empowerment by leveraging on the ‘W’ initiative as a channel. The Bank pioneered women banking in Nigeria with the establishment of the Gender Empowerment Movement (GEM) in 2006 which later evolved into the ‘W’ Initiative, officially created in 2014. Such dedication to women empowerment has led to over 35% of its customer that are women....

L-R: Mr. Tunde Oladele, CEO, Software Group; Mr. Olayinka Situ, Group Head, Corporate Transformation, FirstBank; Dr. Adesola Adeduntan, CEO, FirstBank and Filip Genov, Co-Founder & CEO,  F27 at the  Annual FinTech & InsureTech Summit held at Sofia Event Center, Bulgaria. The Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated as a keynote speaker in the Annual FinTech & InsureTech Summit held at Sofia Event Center, Bulgaria on 27 February 2020. The FirstBank Chief delivered a keynote speech on the topic “ Banks and Clients, the New Story of Empowerment, Value Creation and Technologies” Rumen Radev , President of Bulgaria and Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited following a courtesy visit by Dr. Adeduntan to the Bulgarian President at Sofia, Bulgaria. The summit served as a platform for in-depth knowledge sharing, networking, partnerships and collaborations amongst pa...

Ecobank Nigeria has defected the Tax Appeal Tribunal (TAT) ruling that it pays tax on the N5.54 billion divided declared by the lender in its 2015 financial year. In a statement, the bank faulted the report released by the Federal Inland Revenue Service (FIRS) on the judgment of the TAT, saying it will appeal the ruling. Ecobank clarified that the there is a disputed tax liability between the bank and the FIRS for the 2015 financial year. “For purposes of clarity, the decision of the TAT was for the bank to pay excess dividend tax on the dividend sum of N5,545,000,000 declared by the bank from its 2015 financial accounts. Based on the decision  of the TAT, the excess dividend tax liability is N1,311,673,367 and not N1.6 billion,” it said. “The bank will be appealing to the Federal High Court against the decision of the TAT as it believes, based on advice from its professional consultants, that the dividend declared relates to income from sources, wh...

 Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @ease wallet. The Paycode feature has been introduced to give customers the opportunity to withdraw cash from their wallet on an ATM or from an agent at any location nationwide without using a debit or credit card. Customers can open a Stanbic IBTC @ease wallet using the last 10 digits of their phone number through the Unstructured Supplementary Service Data (USSD) application – *909#. The wallet can also be opened via the Stanbic IBTC @ease Mobile App, ATMs and agents at any location nationwide. Stanbic IBTC Bank Plc is leading end-to-end financial solutions committed to providing seamless financial transactions to Nigerians, hence the addition of Paycode to the @ease wallet. To generate a Paycode, customers can log in to the @ease wallet through the Mobile App or USSD - *909#; select ‘Withdraw Money’ and choose ‘ATM’ as the withdrawal c...

…with over 13.3 billion Naira already provided to women owned businesses in Africa, Access Bank is putting its weight behind supporting Nigeria’s female entrepreneurs. The ‘W’ Initiative, home to over 12 million female customers, has launched a new TV ad campaign to create awareness on the W power loan -a product specially designed for its women owned Businesses. The TV ad campaign encapsulates the vision of the Bank to empower women from all walks of life by encouraging them to take advantage of the W power loan to grow and sustain their businesses. The campaign which has been unveiled on digital platforms and broadcast on TV in a series of high-profile commercials, features two lead characters: Lady W played by renowned singer Aituaje (Waje) Iruobe and Tolu T played by actress and On-Air personality, Omotunde (Lolo1) Adebowale. Both ladies seem to be at opposite ends of a string as Waje, the go-getter who jumped at the W power loan, seized the opportunity p...

Fidelity Bank rewards N18m to promo winners FIDELITY Bank Plc on Monday rewarded its savings account customers with N18 million  prizes and other consolation prizes in its ongoing Get Alert in Millions (GAIM) promo Season 4 in Lagos. The winners emerged across various regions in the country, including Southsouth, Southwest, Southeast, North, Abuja. The N1 million winners include Imo Amamkem, Ogboada Adonyeofori, Abonyi Chukwudi, Ngozi Omeise, Nwankwo Chinonso. The N2 million winners are Salisu Mohammed, Adepeju Adepoju, among others while the N3 million winners are Uju Ejindu and Mojeed Tijani. The winners who were selected through a computerised and transparent simple random system, were picked from the bank’s branches across the six geo-political zones. The e-raffle draw, which  held at the bank’s head office in Lagos,   was witnessed by the relevant regulatory bodies, including the National Lottery Regulatory Commission (NLRC), Lagos State Lo...

Lagos, 21 February 2020; In recognition of the significant role SMEs play in achieving sustainable growth and development in the economy of the country, Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited would host SMEs in its 2020 second edition of the SME Business Clinic. The event themed “Building a sustainable Business” would be held on 25th and 27th February 2020 in Port-Harcourt and Abuja respectively. SMEs are encouraged to take the FirstBank SME diagnostic tool by visiting https://smeconnect.firstbanknigeria.com/ in order to stand a chance to be amongst the participants that will be in the SME Business Clinic in Port-Harcourt and Abuja. The FirstBank SME diagnostic tool is designed for SMEs to check the health of their business, better understand it and drive profitability. The SME Clinic will feature one-on-one business advisory services, mentoring, networking opportunities and participants will also be acquainted with the requisite...

By Fashina Shakiru The Group Managing Director/Chief Executive Officer, Access Bank Plc, Mr Herbert Wigwe,  has proposed its N15Bn Green Bond on the Luxembourg Stock Exchange (LuxSE), creating some excitement in the fixed income market. He made known during annual meeting of the World Federation of Exchanges in Singapore in October 2019, NSE and LuxSE signed a Memorandum of Understanding (MoU) to promote the cross listing and trading of bonds. This collaboration is designed to improve the growth of sustainable finance in Nigeria, a journey which began with the launch of the first Sovereign Green Bond by NSE, in partnership with the Federal Ministry of Environment, Federal Ministry of Finance and the Debt Management Office. This 15.50 percent fixed rate green bond with five-year maturity is the first-ever climate bonds standard certified corporate green bond to be issued in Africa, and was first listed on The Nigerian Stock Exchange (NSE) in 2019. If its application t...

Make your New Year Day a pleasure by banking at your fingertips, right on your mobile with *326#. It doesn’t matter what kind of phone you have; you can avoid crowded banking halls and bank on the go simply by dialing *326#.  Perhaps you are holidaying in Nigeria and need to open an account, you can simply open an Ecobank Xpress Account in seconds with the code. The process straightforward, no need for forms, documentation or any paperwork whatsoever. Don’t miss any fun moment, sort out your utility and cable subscription from your mobile. Make friends and loved ones feel the merriment of this season, send them money with *326#. You can transfer money without hassles to any bank account in Nigeria. This is one season when you cannot afford to stay out of touch. Buying airtime for yourself and loved ones is a breeze. Dial *326*Amount# to buy airtime on your phone and *326*Amount*Phone number# to buy airtime for someone. With expenses piling up this season, we have you cov...