FLYCOMNEWS

Heritage Bank Heritage Bank plc,   Nigeria’s most innovative banking service provider has upgraded its  HB ‘Padie’   mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional feature and game-changing innovation that leverages customers to ease accessibility to funds and improve the standard of living. This is poised to enable customers’ card management in connecting all bank accounts with their Debit Card details or account holder information. The banking app which is squarely targeted at customers across board and embedded with improved security and self-service features allow the customers to open accounts from comfort of their zones. HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers ...

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has played a key role in the restructuring of A.G Leventis Nigeria. Two of the company’s subsidiaries were involved in the implementation of a minority buyout and delisting of A.G Leventis from the Nigerian Stock Exchange. Stanbic IBTC Capital Limited acted as Financial Adviser to A.G. Leventis and coordinated the entire transaction; while Stanbic IBTC Stockbrokers Limited was the official stockbroker. A.G Leventis was formally delisted from the Nigerian Stock Exchange. Stanbic IBTC had, for over a decade, engaged the management of A.G. Leventis and the Core Shareholders around the optimal corporate structure for the Company, considering its future expansion plans and capital requirements. The successful delisting of A.G. Leventis signifies that the company will have the flexibility to raise the required capital while the Core Shareholders continue to provide the much-needed support to turnaround the Company. A.G. Lev...

To lend N70b to agric value chain Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 billion for practitioners in different value chains of agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s Biggest Agribusiness And Food Summit in February 2020. The Agribusiness summit is part of its determination to further showcase the potentials in the agricultural sector of the nation’s economy in partnership with Vanguard newspapers, The Economic Forum Series and Nigeria Agribusiness Group (NABG). The summit with the theme: Unlocking productivity and investment opportunities across the Agribusiness value chain is scheduled for February 13, at the Grand Banquet Hall, Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos. Head, Agribusiness, Ecobank Nigeria, Mojisola Oguntoyinbo, said the summit is part of the bank’s continuous ...

The second edition of the Born in Africa Festival (BAFEST), an initiative of Access Bank aimed at celebrating African creativity, held inLagos following a successful maiden edition last year. Themed “More for The Culture”, the 2019 BAFEST was a dynamic fusion of African art, film, fashion and music, attracting thousands of fun lovers from across Africa. The day-long festival commenced in the morning with the fashion, art and film park, where various artists, fashion designers and filmmakers showcased their works. Short films, feature-length films and Accelerate Filmmaker project films were screened in the film section; films such as ‘Black Monday’ by Adetola Films, ‘Blast’ by Tosin Ibitoye, ‘Last’ by Olabisi Akinbinu, ‘Scars’ by Miriam Dera among others were featured. Eye-catching and fascinating artworks and clothing were also on display as artists and designers were on ground to engage guests. The festival then got into high spirits with the fusion of music a...

The second edition of the Born in Africa Festival (BAFEST), an initiative of Access Bank aimed at celebrating African creativity, held inLagos following a successful maiden edition last year. Themed “More for The Culture”, the 2019 BAFEST was a dynamic fusion of African art, film, fashion and music, attracting thousands of fun lovers from across Africa. The day-long festival commenced in the morning with the fashion, art and film park, where various artists, fashion designers and filmmakers showcased their works. Short films, feature-length films and Accelerate Filmmaker project films were screened in the film section; films such as ‘Black Monday’ by Adetola Films, ‘Blast’ by Tosin Ibitoye, ‘Last’ by Olabisi Akinbinu, ‘Scars’ by Miriam Dera among others were featured. Eye-catching and fascinating artworks and clothing were also on display as artists and designers were on ground to engage guests. The festival then got into high spirits with the fusion of mus...

The United Bank for Africa Plc, one of Africa’s biggest banks, has denied the reports of mass lay-offs in the bank, a development that has since caused disquiet among staff and a section of the public. In an exclusive interview with an online newspaper on Monday, Mr. Ramon​ Nasir, Head, External & Media Relations, UBA Plc, said that there was no lay-off of staff in the bank. Ramon, in the interview, has explained that some staff who “under-performed” during the bank’s internal appraisal exercise were advised to resign based on UBA’s right-sizing policy. “There was no lay-off in the bank but people were advised to resign based on our right-sizing policy. The bank concluded its appraisals in December. Every year, we do two appraisals in UBA; one in June and one in December. After the second appraisal, the management of the bank takes decision. In this year, decisions that were taken include that 5,000 staff will be promoted and 5,000 staff was promoted on Frida...

Stanbic IBTC Holdings PLC has announced its array of exciting products and services specially designed to make the Back to School season stress-free for parents and guardians. As a one-stop shop financial services organisation, Stanbic IBTC has a range of products and services that can give wings to the dreams of children and make paying school fees and purchasing back-to-school ‘must-haves’ more seamless for parents and guardians. For one, parents can access funds conveniently using Stanbic Salary Advance (SALAD), a personal overdraft service tailored to meet cash flow needs for salary earners, you can visit  www.stanbicibtc.com/Nigeria/Individual/Borrowing/Salary-Advance to learn how to access this service. Payments can also be made with ease during the Back to School Season using any one of the Stanbic IBTC Bank’s seamless channels: Internet Banking, #Appyness Mobile App or using a Naira Debit Card on POS. Are you already sorted for this back-to-school season? If ...

Ecobank Nigeria has complied with the Central Bank of Nigeria’s recent directive on the reduction of bank charges. The bank commended the CBN for taking bold steps to further strengthen the financial inclusion drive in the country. It will be recalled that in October 2019, Ecobank announced the elimination of session charges on its USSD platform – *326#, months prior to the new CBN directive. Customers using *326# for their transactions such as inter and intra bank funds transfers, bill payments, airtime top-up, balance enquiry etc. can do so at zero session fees. Further to the removal of the session charges, Patrick Akinwuntan, Managing Director, Ecobank Nigeria, advocated stakeholder buy-in to make banking more affordable and accessible to all. He noted that lower charges would encourage the unbanked to adopt structured financial services, thereby driving financial inclusion and economic growth. Ecobank has been at the forefront of the campaign for inclusive, affordable banking. A...

Interswitch Limited, a leading technology-driven company focused on the digitisation of payments in Nigeria and other countries in Africa, has announced that eClat Healthcare Limited, an Interswitch Group company, has partnered with Edo State in its mission to improve healthcare delivery through technology and innovation. This announcement follows the recent launch of the state’s compulsory healthcare insurance scheme, under the direction of Edo State Governor Godwin Obaseki, recently.  This is following the launch of the first phase of disbursement of the BHCPF (Basic Healthcare Provision Fund) to states through the National Health Insurance Scheme (NHIS). The scheme is geared towards delivering affordable and accessible healthcare services to residents state-wide. The initiative is managed under the Edo State Health Improvement Programme (Edo-HIP) setup to undertake the national government-led drive for Universal Health Coverage (UHC). Edo-HIP is a series of governme...

Stanbic IBTC Holdings PLC, Nigeria’s foremost end-to-end financial solutions provider, has reaffirmed its commitment to the growth of the Nigerian debt capital markets. Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC, disclosed this at the Bonds, Loans and Sukuk Nigeria Conference which held recently at the Eko Hotel and Suites, Victoria Island, Lagos. Dr. Sogunle noted that the Stanbic IBTC group was constantly driving innovation to encourage growth and development in the markets. The Stanbic IBTC Chief Executive added that the organization would continue to facilitate value added engagement between market participants to further increase understanding of the initiatives required to grow the debt capital markets in the country. In 2019, Stanbic IBTC won several awards such as the Best Foreign Investment Bank, Best Debt House, Best Equity House and Best Loan House in Nigeria at the EMEA finance African Banking Awards.  Stanbic IBTC was also awarded as Afri...

Numerous customers of the First City Monument Bank, (FCMB) who thronged the Joju Junction, Sango-Ota branch of the bank in Ogun State lamented poor service delivery by staffers of the financial institution, yesterday. The customers who visited the bank to make transactions for the festive period, were disappointed with what they termed the inept attitude of the staff who abandoned customers on a long queue without attending to them. Some of the customers who spoke with National Monitor regretted banking with the financial institution for their poor service delivery and customer care service. One of them, Mr. Semiu Babatunde, described the experience as horrible and unpalatable. Semiu noted that while the banking hall was crowded with hundreds of customers, just two cashiers were at the counter to attend to them, making an ordinary banking transaction that ought to have ended in minutes, to drag into hours of waiting. He said:”We don’t even know if this is a bank or mark...

Numerous customers of the First City Monument Bank, (FCMB) who thronged the Joju Junction, Sango-Ota branch of the bank in Ogun State lamented poor service delivery by staffers of the financial institution, yesterday. The customers who visited the bank to make transactions for the festive period, were disappointed with what they termed the inept attitude of the staff who abandoned customers on a long queue without attending to them. Some of the customers who spoke with National Monitor regretted banking with the financial institution for their poor service delivery and customer care service. One of them, Mr. Semiu Babatunde, described the experience as horrible and unpalatable. Semiu noted that while the banking hall was crowded with hundreds of customers, just two cashiers were at the counter to attend to them, making an ordinary banking transaction that ought to have ended in minutes, to drag into hours of waiting. He said:”We don’t even kn...