Category: Banking Sector

  • Ecobank Announces Back-To-School Packages For Customers

    Ecobank Announces Back-To-School Packages For Customers

    Ecobank Nigeria is offering special loan packages for parents and guardians to enable them pay school fees for their children and wards ahead of resumption for the 2023/2024 school year. In another master stroke, the bank is making special infrastructure loans available to educational institutions. This, according to the bank, will equip them adequately for the new session. The bank also said it has optimised its digital platforms to make them convenient for school fees and other education-related payments.

    Announcing the various ‘back to school’ initiatives of the bank in Lagos, Head, Consumer Banking, Korede Demola-Adeniyi, said it is in line with the bank’s overall strategy to support the development of the nation’s education sector, adding that Ecobank’s digital offerings are targeted at reducing the financial burden on parents, students and schools, and also facilitating the ease of payment of fees without hassles. She listed the digital offerings to include Ecobank Mobile App, EcobankPay and Ecobank Online for contactless fees payment; personal loans and salary advance packages at competitive interest rates, international transfers for offshore school fees payment and affordable remittance offerings. She also noted that families abroad who wish to send money home to help with fees can do so at zero charges on the Rapidtransfer app. 

    The bank has also provided the Banking-for-School pack for educational institutions to access working capital and loans. The features of this pack include easy fee collections, zero charges on collection accounts with EcobankPay, secure online banking with Omni Lite and cards for easy payments. Speaking specifically on the loans available for the educational institutions, she noted that they could be accessed without bottlenecks as the bank has taken into cognisance the country’s current economic realities.

    According to her, “As a bank that is passionate about education, we are prioritizing the pedagogical needs of our customers at this period when schools resume. Children deserve to go to school and we are making it easy for parents to provide them this basic right.” Mrs. Demola-Adeniyi urged schools to appoint the bank as their preferred financial institution for payments and collections, noting that Ecobank has demonstrated pedigree and expertise in fees collection, locally and internationally. She encouraged schools and individuals that are yet to open Ecobank accounts to do so in order to access the offers available.

  • Ecobank Remodels Branches For Enhanced Customer Experience And Service Delivery

    Ecobank Remodels Branches For Enhanced Customer Experience And Service Delivery

    “Admiralty Way, Lekki; Ajose Adeogun, V.I; Maitama, Abuja; Aba Road, Port Harcourt and seven others already wear new look”

    Ecobank Nigeria has started the remodeling of its branches across the country. This effort will see the bank turn its existing banking halls into modern smart banking arenas designed to offer a cozy experience to customers and other stakeholders of the bank who visit the branches.

    Speaking on the branch transformation exercise, Titi Olarinde , Head, Branch Network, Ecobank Nigeria Limited said it is a deliberate and strategic decision of the bank to ensure that customers transact seamlessly in an environment where they are happy to come to everyday whilst providing the best banking experience for them and our staff. She said the remodeled branches are equipped with fully functional digital service points, new ATMs, solar power for uninterrupted 24/7 electricity and other facilities for an enhanced customer experience.

    She disclosed that for the first phase, the bank has earmarked 50 branches across the nation for the redesign exercise and they will be delivered before end of the year. 10 of these branches such as: Ajose Adeogun, Ikotun, Iju and Admiralty branches in Lagos; Jabi, Garki Area 8 and Maitama in Abuja; Murtala Mohammed Way, Kano; Benin Sapele Road, Benin-City and Aba Road in Port Harcourt have been completed and are already open to customers.

    “For us as a bank, we decided to redesign and give our branches a new look and feel to tell the story of who we are as a pan African banking institution. The comprehensive renewal affects the ambience, aesthetics, internal and exterior branding of the branches. To complement the new look, the signages are also being completely changed or refurbished. We believe the remodeled branches will reflect the personality and values of the brand, raise the bar of customer experience and service delivery to our existing and prospective customers as well as all stakeholders. Visit any of our branches in Ajose Adeogun, Ikotun, Iju and Admiralty branches in Lagos; Jabi, Garki Area 8 and Maitama in Abuja; Murtala Mohammed Way, Kano; Benin Sapele Road, Benin-City and Aba Road in Port Harcourt and have a feel of the locations already completed and opened to customers”. She stated.

    Mrs. Olarinde concluded by saying that the various innovative projects by the bank in recent times are targeted at making it the most preferred financial institution in the country.

    Ecobank Nigeria Ltd is an affiliate of the Ecobank Group, the leading pan-African banking group. Ecobank Nigeria offers a comprehensive suite of financial services and solutions to its Consumer, Commercial, Corporate and Investment Banking clients at over 200 branches and 60,000 Xpress Point agency locations in Nigeria.

  • Fidelity records PBT of N76.3bn for H1 2023

    Fidelity records PBT of N76.3bn for H1 2023

    …Declares interim dividend of 25 kobo Per Share

    Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result.

    A review of the results published on the Nigerian Exchange Group (NGX) on Friday, 1 September 2023, showed a positive performance across all financial indices, reaffirming the Bank’s position as one of the fastest growing and well-managed financial institutions in Nigeria. Gross earnings for the period grew by 59.6% to ₦247.1billion from ₦154.8billion reported in June 2022. Profit After tax stood at ₦61.9billion representing a growth of 166.0% over ₦23.3billion recorded in the corresponding period. This translates to an Earning per Share of 194kobo. The Bank’s Net Loans & Advances grew by 25.1% from ₦2.1trillion recorded as of December 2022 to ₦2.6trillion in June 2023 with corresponding growth in Customer Deposits which increased by 23.2% to ₦3.2trillion from ₦2.6trillion in December 2022.

    The Bank’s balance sheet remained strong with a 27.4% growth in Total Assets from ₦3.9trillion in December 2022 to ₦5.1trillion. The Bank’s non-performing loans remained low and within regulatory threshold at 3.24% with adequate coverage of 111%. Return on Equity (ROE) and Return on Assets (ROA) closed at 34.9% and 2.8% respectively.

    On the back of the strong H1 2023 performance, the board of the bank approved an interim dividend of 25k per share making it the second consecutive year the bank would be paying interim dividends and another demonstration of its capacity to provide shareholders with sustainable value.

    Commenting on the Bank’s laudable performance, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc noted, “We are pleased to report on another period of quality growth across all financial and non-financial indices. Our performance during the first half of the year reflects the resilience of our bank and the fundamental strength of our business to deliver long-term sustainable value at a time that has been characterized by global economic headwinds. As a bank, we remain committed to our goal of helping individuals to grow, inspiring businesses to thrive and empowering economies to prosper.

    The Bank’s impressive H1 2023 results comes to join a string of recent achievements by Fidelity Bank. It would be recalled that the Bank’s stock was reclassified from small-price stock to medium-price stock by the NGX in July 2023 on the back of a consistent impressive performance.

    Similarly, the bank recently emerged the company with the highest earnings per share on the NGX based on half year financial figures for the second year running.

    To sustain this sterling performance, the bank’s shareholders, at an Extra-Ordinary General Meeting held on 11 August 2023, unanimously approved a capital raising exercise via a Public Offer and Rights Issue.

    “We will continue to monitor and pro-actively manage the evolving risks in the economy while ensuring our commitments to our customers and shareholders are fulfilled. The interim dividend of 25kobo per share, a 150% increase compared to the 10kobo interim dividend in 2022FY, attests to the value we place on the unwavering support from our shareholders”, stated Onyeali-Ikpe.

    Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria at the 28th annual Euromoney Awards for Excellence 2023; and the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

  • UBA Back2School Package Offers Exclusive Discounts, Other Benefits For Children, Parents

    UBA Back2School Package Offers Exclusive Discounts, Other Benefits For Children, Parents

    Africa’s Global Bank, United Bank for Africa (UBA) Plc is proud to announce its highly anticipated “Back2School” package, designed to provide exclusive discounts and benefits for both children and their parents.

    As the new school session kicks off, UBA continues to fulfil its commitment to fostering a seamless educational journey with innovative offerings aimed at assisting parents in nurturing their children’s educational journey with ease.

    UBA’s Head, Retail, Products and Sales, Prince Ayewoh explained that the bank recognises the pivotal role that education plays in shaping the future, which is why it developed strategic offerings and entered collaborations to enable families embrace the new school season with enthusiasm and confidence.

    He said, “We want our customers – both old and new ones – to know that we are more than just a financial institution, we are a reliable partner in their daily journey. With exclusive discounts and benefits tailored for both children and parents, we aim to alleviate some of the financial burdens associated with every new school season. This initiative reflects our holistic approach to banking, where we consider not only the financial needs of our customers but also their well-being and aspirations.”

    With the UBA ‘Back2School’ package, parents are set to enjoy scholarships, affordable healthcare plans as well as a 13th-month cash reward for their wards when they open and maintain a UBA Kiddies and Teens Accounts with N5,000 for 12 months or N10,000 for six months.

    Additionally, the bank is offering a UBA Personal loan, where parents can access up to N30million to enable them give their children and wards the kind of world-class education and life they deserve.

    UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, who expatiated on the array of offerings to be enjoyed by the bank’s customers this season, said that by using a UBA prepaid or debit card, customers can now access to an exciting world of discounts for their children.

    She said, “This season, UBA presents an array of exciting benefits that come with their prepaid or debit cards. Our customers now have access to a world of discounts that extend not only to their children but to themselves as well. For the students, for instance, their after-school learning is sorted with a 10% discount on ULesson packages when customers pay with their UBA card.

    Continuing, she said, “Also, the bank has partnered with i-Fitness Gym, offering an exclusive opportunity for parents to de-stress during the school year, and by paying with a UBA card, parents can enjoy up to 30% off at any of their gyms nationwide, promoting a healthier and more balanced lifestyle.”

    Ladipo shed light on the bank’s partnership with Aura by Transcorp; as she explained that using the UBA card, parents can book a rejuvenating staycation package through the Aura by Transcorp app and enjoy a generous 5% discount. “It is a perfect way for parents to recharge while entrusting their children’s education to capable hands,” she explained. She also added that parents can also get a relaxing massage at Oriki Spa, as they will enjoy a 10% discount using their UBA cards.

    United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

  • Fidelity Bank Secures Top Spot For Earnings Per Share On NGX In First Half Of 2023

    Fidelity Bank Secures Top Spot For Earnings Per Share On NGX In First Half Of 2023

    In a remarkable achievement for the second consecutive year, Fidelity Bank Plc, a prominent player in the financial sector, has clinched the position of the company boasting the highest earnings per share (EPS) on the Nigerian Exchange Limited (NGX) for the first half of 2023.

    According to an in-depth report published by BusinessDay, Fidelity Bank stands tall among industry leaders, including Seplat Energy, Total Energies, Okomu Oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument Bank (FCMB), and Geregu Power. These organizations have demonstrated remarkable EPS performance during this review period.

    EPS, a pivotal metric, signifies a company’s net profit divided by its outstanding common shares. Widely regarded as a key indicator for assessing corporate worth, it reflects the monetary gain a company generates for each of its stock shares. A higher EPS often correlates with enhanced value, as investors are willing to pay a premium for shares of companies believed to possess substantial profits relative to their stock prices.

    An impressive highlight from the report reveals that Fidelity Bank has achieved an EPS of N184 in the first half of 2023, in stark contrast to its N79 figure during the same period in 2022. This robust growth showcases the bank’s resilient financial performance and strategic prowess.

    The bank’s outstanding shares stand at 32.01 million, with a stock price of N7. Notably, the bank has witnessed an impressive trading volume of 32.15 million as of Friday, 12:59 p.m., further underlining its prominence in the market.

    The bank’s profit figures are equally striking, with a staggering rise from N22.84 billion in the first half of 2022 to N53.3 billion in the corresponding period of 2023. A testament to its sound financial management and customer-focused initiatives.

    Furthermore, Fidelity Bank’s cash and cash equivalents have surged to N501.54 billion in the first half of 2023, demonstrating a significant increase from N276.07 billion during the same period in 2022. This remarkable growth reflects the bank’s dedication to solidifying its financial position and fostering a strong foundation for future endeavors.

    In a strategic move to bolster its operations and continue its upward trajectory, Fidelity Bank’s shareholders recently greenlit a capital raising initiative. This involves a Public Offer for up to 10 billion Ordinary Shares and a Rights Issue of up to 3.2 billion Ordinary Shares. This Rights Issue presents existing shareholders with an opportunity to acquire one new share for every ten shares held, while new shareholders can partake in the Public Offer.

    Fidelity Bank’s consistent success in achieving the highest EPS on the NGX affirms its standing as a leading financial institution and a preferred choice for investors seeking stable and lucrative opportunities.

    With its innovative approaches and steadfast commitment to excellence, the bank’s future endeavors are likely to shape the landscape of the financial industry.

  • Fidelity Bank Proposes Solutions to Address E-Fraud Concerns

    Fidelity Bank Proposes Solutions to Address E-Fraud Concerns

    The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, has urged the Nigeria Electronic Fraud Forum (NeFF) to devise solutions for the issues presented by electronic fraud within the financial system.

    As reported by Vanguard Newspaper, she delivered this message during a gathering in Lagos, addressing NeFF’s 3rd quarter general meeting. Nneka Onyeali-Ikpe emphasized that electronic fraud involves online activities aimed at exploiting individuals and businesses for financial gain.

    During her speech, she provided examples of electronic fraud, including Phishing, Advanced Fee Fraud (419), Online Auction Fraud, Identity Theft, Tech Support Scams, Online Romance Scams, Investment Scams, Business Email Compromises, Ransomware, Online Rental Schemes, Pyramid Schemes, and Click Fraud.

    Drawing attention to the escalating prevalence of electronic fraud in the nation and the resultant challenges, the leader of Fidelity Bank underscored, “NIBSS’s data reveals a staggering 298% Year-on-Year increase in the value of electronic payment transactions in Nigeria, rising from N34.04 trillion in Q1 2022 to N135.52 trillion in Q1 2023.”

    “As technology continues to advance at an unprecedented pace, our reliance on digital transactions has grown exponentially. However, with this rise in digital interactions, the threat of e-fraud has become a significant challenge affecting individuals, businesses, and industries alike.

    “The banking industry lost a total of N14.3 billion to electronic fraud in 2022, up from the N12.7b reported in 2021. As at Q1 2023, the total fraud loss was N5b according to the NIBSS Annual Fraud Landscape reports.

    “The Mobile channel is the most exploited channel by fraudsters in 2021 and 2022 with 42,821 and 45,090 reported fraud records respectively. Total fraud count in 2021 was 123,918 and 101,668 in 2022.

    “E-fraud has permeated multiple industries, spanning from banking and finance to e-commerce and beyond. These cybercriminals leverage advanced methods to exploit vulnerabilities, gaining unauthorised access to crucial data and funds. The repercussions of e-fraud are not limited to financial losses; they also extend to eroding trust and eroding brand reputation.

  • Ecobank Introduces Enhanced Cross-Border Business Facilitation with Foreign Currency Transfers on Mobile, Omnilite Apps

    Ecobank Introduces Enhanced Cross-Border Business Facilitation with Foreign Currency Transfers on Mobile, Omnilite Apps

    Ecobank has emphasized its commitment to fostering seamless cross-border business and financial transactions through the implementation of Foreign Currency transfer services on the Ecobank Mobile and Omnilite apps.

    The primary objective is to facilitate and promote convenient international trade interactions, highlighting its potential to greatly benefit both individuals and small enterprises across Africa.

    Ecobank Nigeria has recently announced a significant enhancement to its services, allowing its customers to execute rapid money transfers to 33 African nations within the Ecobank Group’s operational network.

    This service leverages the Ecobank Mobile and Omnilite apps, ensuring that recipients promptly receive funds in their respective local currencies.

    The Head of Consumer Banking at Ecobank Nigeria, Korede Demola-Adeniyi, has underlined that this introduction aligns with the ongoing advancements within the banking sector. Notably, individuals holding domiciliary accounts with the bank can effortlessly initiate transfers of up to $10,000 per transaction without any impediments.

    “While cash transfers are restricted to $10,000 per day, there are no such restrictions for international transfers that are not funded by foreign currency cash. Let the boundaries of your finances be effortlessly broadened with Ecobank,” she added.

    Here are the revised instructions for accessing the Ecobank Mobile app and Omni Lite:

    Accessing the Ecobank Mobile App:
    After logging in, navigate to the menu.
    Locate the “Transfer” option and select it.
    Choose the “Ecobank Africa” transfer option.
    Specify the destination country for the transfer.
    Select the mode of delivery for the transfer: CASH, WALLET, INTERBANK, ECOBANK ACCOUNT, or XPRESS ACCOUNT.
    Provide accurate recipient details.
    Indicate the reason for the transfer.
    Enter the desired transfer amount.
    Finalize the transaction by pressing the “Send” button.

    Accessing Omni Lite:

    Visit www.ecobank.com.
    Select “Omni Lite” and provide your username and password to log in, or use the Omni Lite mobile app to log in.
    Click the toggle menu button at the top left of the home page.
    Select “Transactions” and then choose “Ecobank Africa.”
    Pick the USD account to debit from.
    Select the destination country.
    Input the beneficiary’s account information and confirm the details.
    Click “Next.”
    Input the OTP sent to your registered mobile number and/or email address.
    For amounts exceeding 1,000,000 Naira or its equivalent FCY, enter the token generated on the Ecobank authenticator app.

    These steps will enhance a smooth navigation in both the Ecobank Mobile app and Omni Lite platforms for your transactions.

  • Court Freezes Accounts, Restrains ABC Orjiakor From Assets, Investments, Bank funds Over $101million Debt

    Court Freezes Accounts, Restrains ABC Orjiakor From Assets, Investments, Bank funds Over $101million Debt

    A Federal High Court sitting in Ikoyi, Lagos has frozen the accounts of Dr. Ambrosie Bryant Chukwueloka (ABC) Orjiakor and restrained him from dealing with assets, investments, and funds in bank accounts over the sum of $101.12 million outstanding debt against him.
      
    The development was sequel to his inability to pay the judgment sum entered in favor of Access Bank by Mr. Justice Philips of the High Court of Justice of England and Wales in case No. CL-2014-000815; a matter that was affirmed by the Supreme Court of England and duly registered as the judgment of the Federal High Court in Suit No. FHC/L/CS/219/2018, with the sum of $101,126,629.99 being the outstanding as at15th September 2021.

    In an Ex-parte Motion dated July 12, 2023, with Charge No. FHC/L/BK/08/2023 between Access Bank Plc (Creditor) and Dr. Ambrosie Bryant Chukwueloka Orjiakor (Debtor), an Interim Order was made restraining the “Debtor” and “his agents, servants, and or privies from interfering with, tampering and removing from the jurisdiction of this Honorable Court his funds,  investments, bonds, shares, pecuniary and other beneficial interest in all banks, financial institutions and/or company in Nigeria” pending the hearing and final determination of Motion on Notice  for the appointment of a Special Manager.

    An Order was also made ‘authorizing the creditor herein to take over and preserve all the assets of the Debtor, whether same may be found or situate.’ ‘A consequential Order directing and/or compelling all banks and financial institutions harboring the Debtor’s (Dr. Ambrosie Bryant Chukwueloka Orjiakor) accounts to depose to Oath the sums standing to the credit of the debtor in their custody within seven days from being served with an Order of the Court”.

    The 12 firms listed as respondents to the Motion are Seplat Energy Plc, Helko Nigeria Ltd, Neimeth International Pharmaceuticals Plc, Salvic Petroleum Resources Limited, Zebbra Energy Limited, Ordrec Group Limited, Helko Marine Services Limited, and Berwick Nigeria Limited. Others are Abbey Court Petroleum Limited, Abbey Court Energy Services Limited, Abbey Court Company Limited, and Pursley Company Limited.

    In a letter dated August 4, 2023, signed by Olasubomi Azeezat Saliu for ‘Kunke Ogunba & Associates (Insolvency Forte LP) acting for Access Bank Plc, the chamber advised respondents to the Motion to ‘forthwith stop further dealings or dissipations of the bond/ shares/investments standing to the credit of Dr. Ambrosie Bryant Chukwueloka Orjiakor, be it directly or held via proxy and furnish details of such bond/ shares/investments/interest belonging to the debtor’ to the firm.

    As part of the judgment, Justice Nicholas Oweibo of the Federal High Court granted an order freezing the bank accounts and assets of Dr. Ambrosie Bryant Chukwueloka Orjiakor , a co-founder and former Chairman of Seplat Energy over the alleged indebtedness to Access Bank Plc.

    The court order read: “That an Interim Order is hereby ordered restraining the debtor (Dr. Ambrosie Bryant Chukwueloka Orjiakor), his agents, servants and/ or privies or any other person or group of persons whatsoever under his authority or any other authority (however derived or sources) from operating, withdrawing from or otherwise tampering and/ or dealing with his funds in any bank and/or financial institution within Nigeria pending the hearing and determination of the Motion on Notice for the appointment of a Special Manger filed along herein.

    That a consequential order is hereby made: directing and/ or compelling all banks/ financial institutions harbouring  the debtor’s (Dr. Ambrosie Bryant Chukweloka Orjiakor) in their custody with seven days from being served with a copy of the order of court.

    That Interim Order is hereby made restraining the respondents from dealing with shares, investments, bonds, assets, funds howsoever described belonging to the Debtor (whether held by him directly or via proxy) in their custody and/ or in custody of any bank/ financial institution pending the hearing and final determination of the Motion on Notice for the appointment of a Special Manager filed along herein.

    That a consequential order is hereby made directing and/ or compelling respondents harbouring the debtor’s (Dr. Ambrosie Bryant Chukwueloka Orjiakor) shares, assets, bonds, funds howsoever described, whether held directly by the said Debtor or via proxy, to depose on Oath the shares, assets, investments, sums etc, standing to the credit of the Debtor (Dr. Ambrosie Bryant Chukwueloka Orjiakor) in their custody within 7 (seven) days from being served with a copy of the order of the court.

    That an Interim Order is hereby made restraining the debtor (Dr. Ambrosie Bryant Chukwueloka Orjiakor), his agents, Servants and/ or privies from interfering with , tampering, removing from jurisdiction of this honourable court his funds, investments, bonds, shares, pecuniary and other beneficial interests in all banks, financial institution and/ or company in Nigeria principally in Shebah Exploration and Production Company Limited, Allenne Limited and in the Respondents pending the hearing and final determination of the Motion on Notice for the appointment of a Special Manager filed along herein.

    It stated further: “That an order is hereby made authorizing the creditor herein to take over and preserve all the assets of the debtor, whether same may be found, specifically the following properties belonging to the debtor be it directly or via proxy: No. 25A, Lugard Avenue, Ikoyi, Lagos, No. 6, Agodogba Avenue, Parkview Estate, Ikoyi, Lagos.

  • ACAMB To Hold 2nd National Stakeholders’ Conference 2023

    ACAMB To Hold 2nd National Stakeholders’ Conference 2023


    The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communication professionals working in Deposit Money Banks (DMBs) in Nigeria, has announced Thursday, August 17, 2023, as the date for its 2nd National Stakeholders’ Conference set to hold at Bankers House, CIBN, Adeola Hopewell Street, Victoria Island, Lagos.

    Themed “Marketing Financial Services in Dynamic Times”, the ACAMB stakeholders’ conference will serve to spotlight the evolving role of marketing communications in Nigeria’s burgeoning financial services industry.

    The keynote address at the conference will be delivered by Yomi Badejo-Okunsanya, Group MD, CMC Connect and immediate past President, African Public Relations Association (APRA). There will also be a panel discussion featuring a number of high-profile marketing communication experts and c-suite executives including Steve Babaeko, CEO/Chief Creative Officer, X3M Ideas and President, Association of Advertising Agencies of Nigeria (AAAN), Helen Ogboh, Group Head Manufacturing, Corporate Banking Directorate of First Bank of Nigeria Plc, Tolulope Ogundipe, Group Head, Banking Services, Premium Trust Bank, Tosin Adebayo-Yusuf, Executive Director/COO, Heirs Life Assurance, Dr. Sunnie Omeiza-Michael, Director, Lagos Chamber of Commerce and Industry (LCCI), James Agada, Director, CWG Plc.

    Commenting on the theme of this year’s stakeholders’ conference, Rasheed Bolarinwa, ACAMB President, said, “In dynamic times such as this, Marketing Communications plays an even greater role in the long-term viability and sustainable growth of Financial Institutions. It is no longer enough to offer innovative products and services, as these have become baseline in a highly competitive and consumer-driven market like ours. Hence, this conference has been carefully put together to provide all participants with the technical know-how to build and maintain trust with customers throughout the service journey whilst also factoring in the dictates of other key stakeholder groups.”

    As the umbrella body of all corporate and marketing communication professionals of Financial Institutions, ACAMB has, among other objectives, the mandate to evolve and implement strategies that would enhance the reputation of the Nigerian financial services industry. The 1st Stakeholders’ Conference which held in 2022 focused on building greater synergies within the Organised Private Sector (OPS) in Nigeria, in the face of the ‘new normal’ brought on by the Covid-19 pandemic. The event was well-attended and featured insightful masterclasses and mentorship programmes as well as fitness and bonding sessions.

    The annual ACAMB Stakeholders’ Conference is open to members of the banking community and the OPS. Intending media and communication practitioners, heads of related agencies, and other relevant stakeholders are also invited to attend.

  • ALAT By Wema Unveils Exciting Summer Internship Programme

    ALAT By Wema Unveils Exciting Summer Internship Programme

    ALAT by Wema, a trailblazing digital bank, has announced the launch of its eagerly anticipated Summer Internship Program which will not only serve as a remarkable learning opportunity for young talents but also highlights Wema Bank as an exceptional place to work.

    The initiative, according to the Divisional Head, Brands, People and Culture, Ololade Ogungbenro, is designed with a commitment to nurturing future leaders, offering hands-on experience that bridges the gap between academia and the corporate world.

    She says participants will gain invaluable insights into the dynamic banking industry while contributing to real-time projects that impact the country.

    “The summer internship program isn’t just about professional development; it’s a testament to Wema Bank’s dedication to fostering a vibrant and collaborative work environment. Participants will have the chance to interact with seasoned professionals, immerse themselves in innovative projects, and truly experience the bank’s unique culture.” Ogungbenro adds.

    The ALAT Summer Internship Program is open to undergraduates between the ages of 15 and 22. Selected participants will undergo a comprehensive orientation and mentorship, working side by side with seasoned professionals across various departments.

    Wema Bank continues to be at the forefront of digital transformation in the banking industry, and the ALAT Summer Internship Program is a reflection of its commitment to fostering a culture of innovation, learning, and growth.

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