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 ...

Ecobank Introduces Omni Lite Busines An application for businesses known as Omni Lite App, which is aimed at enhancing the banking experience of commercial banking customers, has been launched by Ecobank Nigeria. The lender assured in a statement that the “Ecobank Omni Lite App is a highly secure, world-class and integrated electronic banking platform designed to help clients manage their business accounts online in a secure, flexible, efficient and convenient manner.” The mid-level bank further said the application “is a fully integrated multi-geography, multi-lingual and multi-currency online, web-based cash management platform” and has been enabled to work well across the 33 African countries where the bank operates. “With the new Omni Lite App, users can view their accounts and transactions in one place, make payments and pay bills with ease, set up multiple users with different access launch, make and manage loan payment, book time deposits and view exchange rates. “This electroni...

  First Bank Set to Enhance Customers Palliative Measures-Flycomnews   Customers of First Bank of Nigeria Limited have been assured enhanced palliative measures to help them overcome the hardship caused by COVID-19 pandemic. This assurance was given by the CEO of the bank, Mr Adesola Adeduntan, at the company’s virtual Corporate Customers forum webinar held on Thursday. The banker said the one of the palliatives was the introduction of moratorium by the financial institution to give customers more time to repay their loans. Speaking on how the lender plans to survive the tide, he the company will optimally maximise the opportunities from the disruptions occasioned by the Coronavirus on the economy to its advantage by reducing the cost of doing business. “COVID-19 is giving business leaders an opportunity to rethink on an established wisdom. “It is a major crisis that we need to deal with and we must change it from a bad to good crisis. It offers an opportunity to reinvent our ...

  Sterling Bank extends Farmers’ Radio to six-geo-political zones   Lagos, Nigeria, 11th August 2020: Sterling Bank Plc, Nigeria's leading commercial bank, has extended coverage of its Farmers’ Radio programme to cover the six-geo-political zones of the country, following its wide acceptance and success in the northern part of the c Since its debut in 2018, the Farmers’ Radio show is the only radio show sponsored by a commercial bank in Nigeria. It started with a pilot in three northern states. Group Head, Agric and Solid Minerals Finance, Sterling Bank, Mrs. Bukola Awosanya said this year’s edition of the seasonal radio programme will air for 13 weeks in major languages across all geo-political zones of the federation.  Awosanya said each broadcast will last for about 30 minutes, with resource persons from research institutes and Development Financial Institutions (DFIs), among others being invited to discuss technicalities, innovations and available opportunities i...

By:Flycomnews The attention of Stanbic IBTC Bank PLC (“the Bank”) has been drawn to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour.  This is certainly a gross misrepresentation by Ascon, as no Court Order was granted to Ascon to warrant their extra-judicial action, which they undertook in forcefully seizing a Petrol Station validly belonging to a third party, in total defiance and disregard of Ruling of Justice Liman of the Federal High Court on 24 July 2020. Please take note that the Federal High Court had on 24 July 2020, clearly REFUSED to grant Ascon’s Application to set aside the Order earlier granted to the Receiver appointed by the Bank to take possession of the Petrol Station located on Lekki Admiralty Way, Lekki Phase 1 Lagos. In total contempt of the Ruling by the Federal High Court, the Directors of Asc...

 By :Flycomnews Wema Bank, one of the leading innovative banks in Nigeria, has continued in its responsibility to support fight against the ongoing global health crisis. In another dimension, the Bank has made available SME loan products that are collateral free to support businesses. Businesses in need of working capital finance can get up to N10 million without collateral to meet their short-term business needs. This facility is available for business owners who are in segments such as trade /general commerce, schools, pharmacies, hospitals, clinics and diagnostic centres. Also, in the Bank’s quest to enhance reach and accessibility of these facilities, it has made it available to both new and existing customers of the Bank (including those doing business with their personal names). Following the recent donation of palliatives to several affected communities, Wema Bank has now intensified efforts to mitigate the impact of the coronavirus pandemic by also providing these products ...

  STAKEHOLDERS ADVOCATE RIGHT PRICING FOR AVIATION GROUND HANDLING SERVICES AT AGHAN WEBINAR Nigeria’s leading Aviation Ground Handling companies; Aviation Handling Services (AHS), Nigerian Aviation Handling Company Plc (Nahco Aviance) and the Skyway Aviation Handling Company (SAHCO) Plc have been urged to consider price adjustment, instead of price increase, in order to survive the effects of the current pandemic, Covid-19. A former Director General of the Nigerian Civil Aviation Authority (NCAA), Dr. Harold Demuren, made the call recently during a webinar organized by the Association of Aviation Ground Handlers (AGHAN). The webinar titled, ‘The Impact of COVID -19 on the Nigerian Aviation Ground Handling Industry: Safety, Rates, Regulation’ was well attended by key players in the aviation industry. Demuren, who was one of the panelists, emphasized that foreign airlines should pay the dollar equivalent for ground handling services rendered to it in order to ensure the survival of ...

  FBN HOLDINGS ANNOUNCES N25 BILLION CAPITAL INJECTION INTO FIRSTBANK  August 10, 2020 THE FRESH EQUITY CAPITAL INJECTION IS COMING ON THE HEELS OF FBN HOLDINGS’ RECENT DIVESTMENT FROM FBN INSURANCE. N25 billion worth of equity capital has been injected into First Bank of Nigeria Limited by its parent company, FBN Holdings Plc. The move is coming on the heels of FBN Holdings’ recent divestment from FBN Insurance Ltd. A statement signed by FBN Holdings’ Company Secretary, Seye Kosoko, as seen on the Nigerian Stock Exchange’s website, noted that the N25 billion is part of the net proceeds from the recent divestment from FBN Insurance Limited. Following this N25 billion capital injection, First Bank of Nigeria Limited’s Capital Adequacy Ratio (CAR) has increased to 16.53%. This is before capitalising year to date profit for half-year 2020. More details: While commenting on this development, First  Bank of Nigeria Holdings’ Chief Financial Officer, Oyewale Ariyibi, said that ...

  Customers of Ecobank can now make cash withdrawals at all its ATMs without a card, its Head of Consumer Banking, Mrs Olukorede Demola-Adeniyi, has confirmed. Mrs Demola-Adeniyi, in a statement, stated that the Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone as no ATM card is required. The solution is said to be seamless, secure and driven by the generation of a code (e-token) by an account holder via the bank’s USSD code *326# or mobile app, Ecobank Mobile. The e-token can be sent to customers, non-customers and even people without bank accounts for cash withdrawal at all Ecobank ATMs nationwide. “Digital payments are fast evolving. Customers want a seamless experience across channels. We are committed to providing suitable options for our customers. Forgetting your card at home should not be a showstopper when you need cash,” Mrs Demola-Adeniyi said. She explained further that the concept recognises the needs o...

  Why FCMB Sustains New Strenghts In Q2|FLYCOMNEWS by Flycomnews       First City Monument Bank [FCMB] sustained new strengths in operations in the second quarter despite the challenges of the Covid-19 economic lockdown. The bank kept all the growth levers up from the closing levels in 2019. The addition of new strengths and retention of some key capabilities of the preceding year constitutes the operating advantage for the bank this year. It is maintaining the elevated revenue outlook seen in the first quarter, which is happening for the first time since 2017. Both interest and non-interest incomes are contributing to revenue improvement but non-interest earnings keep leading the way. Against a drop of 11 percent in 2019, non-interest income grew by 13 percent year-on-year at half-year ended June 2020. Interest income is still accelerating from 4 percent at the end of last year to 8 percent at half-year though slowing down from 15 percent growth in the first quarter...