Connect with us

Business

FirstBank Promotes Career Development of Staff, Graduates Third Set of SMDP Participants

Published

on

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider,  has graduated 12 successful candidates in the third edition of its Senior Management Development Programme (SMDP). The graduation ceremony held virtually, via the Zoom video conferencing platform on Wednesday, 2 September, 2020.

The Senior Management Development Programme (SMDP) is FirstBank’s intensive modular programme for a select group of senior managers to principal managers who are proven leaders in their respective functions and have been identified as central to the Bank’s succession plan.

Prior to the 2020 programme, 40 exemplary staff had successfully participated in the SMDP. 23 staff graduated in the inaugural edition that held in 2017 and the 2018 programme had 17 graduands.

According to Dr. Adesola Adeduntan, CEO, First Bank of Nigeria Limited; “I am delighted with the performance of the third set of the Senior Management Development Program (SMDP) graduands. The set’s performance and response to the various trainings and initiatives have been very impressive and exemplary. The set has demonstrated the gold standard of value and excellence in banking services which FirstBank stands for. The SMDP has been an insightful and impactful journey for the Bank and the participants.”

“I encourage each graduand to maximise the experience and knowledge garnered from the program as they build on their individual and collective contribution to the Bank’s continued growth as well as its efforts in enabling and impacting Nigeria, and the Africa continent at large,” he concluded.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Again, FG Extends Deadline for NIN-SIM Card Linkage

Published

on

The Federal Government has announced the extension of the deadline for Nigerians to link their National Identification Numbers (NINs) to their Subscriber Identity Module (SIM) by one month.

The deadline extension follows a request presented to President Muhammadu Buhari to that effect and his subsequent endorsement.

This disclosure is contained in a press statement issued on Friday, April 2, 2021. It was jointly signed by the Director of Public Affairs of the Nigerian Communications Commission (NCC), Dr Ikechukwu Adinde and the Head of Corporate Communications at the National Identity Management Commission (NIMC), Mr Kayode Adegoke.

The approval to extend the period of the NIN-SIM linkage to May 6 was given at the meeting of the Ministerial Task Force on NIN-SIM data linkage and key stakeholders held on Thursday in Abuja.

The statement noted that over 51 million people now have their NINs with a significant increase in the monthly enrolments.

The statement partly reads, “Based on the updates of the NIN-registration process, over 51 million people have been assigned NINs. There are many people who have enrolled and are in the process of being assigned NINs. With each individual having an average of three to four SIMs, the total number of SIMs tied to NINs would be close to the total number of registered SIMs in the country.

The current number of monthly enrollments has increased significantly to about 2.6 million registrations. There has also been a remarkable increase in the number of enrolment centres across the country with about 3,800 centres available for enrollments. There are also many more new centres in the pipeline,”the statement said.

The meeting chaired by the Minister of Communications and Digital Economy, Dr Isa Pantami, was attended by various key stakeholders, including the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa.

The EFCC boss, while addressing the meeting said that the NIN-SIM card linkage would support the Federal Government’s effort in checkmating the activities of fraudsters and cybercriminals.

Pantami, thanked Nigerians for their patience and compliance with the Federal Government’s directive on the NIN-SIM registration exercise and reiterated the government’s commitment to continue taking decisions aimed at easing the pains of the citizens with regard to issues related to NIN and SIM registration.

Continue Reading

Business

Access Bank Acquires GroBank of South Africa for $60m

Published

on

Access Bank Plc has acquired Grobank of South Africa, shelling out a whopping $60million in the transaction.

The South African acquisition is its third in eight months, having taken over Kenya’s Transnational Bank in July and Zambia-based Cavmont Bank in January.
Access Bank paid about $60 million to purchase a controlling interest in South Africa’s 74-year-old Grobank, its CEO said on Tuesday, signaling the culmination of the tier 1 lender’s aspiration to foray into Africa’s most industrialised nation and tap its market.

The move makes it Nigeria’s first bank to do so, with Access Bank ploughing in both equity and debt in Grobank as part of the grand plan to explore trade banking deals on its way to becoming “Africa’s Gateway to the World,” Managing Director Herbert Wigwe told CNBC Africa.

It will open up the means to widen trade finance capacity in Grobank, which is presently increasing its attention on the country’s agriculture industry.

No mention was made of the precise stake size but the lender said in a note in September “the first is an initial cash consideration for a 49 per cent shareholding, increasing to a majority stake in the second tranche”.

Banks in Nigeria are stepping up efforts to create new ways of bolstering earnings beyond its shores as a buffer to an economic downturn that has triggered a fall in government bond yields and accelerated the incidence of restructured loan, helped by the pandemic.

“We have a full retail banking licence in South Africa. We will pursue a wholesale banking franchise. We will pursue trade finance,” Wigwe said.

The South African acquisition is its third in eight months, having taken over Kenya’s Transnational Bank in July and Zambia-based Cavmont Bank in January.

It hopes to leverage the African Continental Free Trade Area agreement to enter Morocco, Algeria, Egypt, Ivory Coast, Senegal, Angola, Namibia and Ethiopia.

Continue Reading

Business

Ecobank Wins Starsight Sustainability Award 2020

Published

on

Leading West African Commercial and industrial solar power and cooling provider, Starsight says Ecobank is well placed to be the market leader in the establishment of “Green Branches’ across the country.

According to Starsight, it has so far delivered more than 100 branch facilities with its market leading renewable energy solutions, reducing Ecobank Carbon footprint and making Ecobank one of the market leaders in the implementation of renewables in the Nigerian Banking sector.  It went further to state that Ecobank is well placed to be the market leader in “Green Branches’ with an addition 50 Branches scheduled to go live in Q1 2021.

Presenting the Starsight Renewable Energy Sustainability Award for 2020 to Ecobank in Lagos, Teme Jack, Head Sales, SMEs, Starsight Energy, lauded the commitment of Ecobank towards application of renewable solutions thereby reducing carbon footprints, stressing that the award was well deserving. She was optimistic that Starsight partnership with Ecobank would further go a long way to environmental sustainability.

“Our partnership with Ecobank has delivered an outstanding result in a short window time and we look at forward to expanding our partnership in Nigeria and other geographical regions of operations”

Receiving the award, Kola Adeleke, Ecobank Nigeria Executive Director, Corporate Bank said “sustainability remains an essential part of Ecobank’s mission and vision of building a world-class Pan-African bank. Our long-term success is intertwined with the sustainable actions that supports the development of Nigeria and Africa as a continent. Ecobank is focused on mainstreaming environmental and social best practices in its operations and has adopted various Environmental and Social Governance (ESG) frameworks including the Nigerian Sustainable Banking Principles (NSBP) as benchmarks for measuring its environmental stewardship. We have been in partnership with Starsight Energy to deliver a market-leading renewable energy solution across our branches in Nigeria, they have delivered over 100 branches facilities with renewable energy solution, thereby reducing our carbon footprint and making Ecobank one of the market leaders in the implementation of Principle 2 of Nigeria Sustainable Banking initiative”. He stated.

Further, Mr Adeleke reiterated that “Ecobank Group Sustainability framework is focused on four thematic areas which includes: Economic Transformation, Environmental Sustainability, Socially Responsible Financing and Human Capital Development. These focus areas are aligned with the tenets of the Nigerian Sustainable Banking Principles (NSBP).

“Besides, Ecobank is a signatory member of a number of Environmental, Social and Governance (ESG) framework including the Equator Principles and the United Nations Global Compact. We have set a target of achieving the goals as regard SDG/Climate change and society’s wellbeing. For instance, the Bank is committed to taking bold steps to reducing our carbon footprint, demonstrated in carbon emission from our business operations, travels, paper use and office waste disposal. We further commit to invest in energy efficiency by incorporating the use of renewable energy products and practices, design architecture for energy efficient building in new branch expansions, including retrofitting programmes; as well as mainstreaming sustainable practices in third party contractor’s agreement for supply and procurement activities.”

Continue Reading