BANKING

Following the successful completion of all regulatory procedures, Grobank Limited has been formally renamed Access Bank South Africa Limited. The formal change of name is coming barely two months after Access Bank received approval to buy Gro bank Limited. The deal was finalised after Access Bank’s acquisition of controlling shares...

The Central Bank of Nigeria (CBN) has issued a query to the Board of First Bank Ltd for the removal of its Managing Director and Chief Executive Officer, Dr. Sola Adeduntan. It was reported on Wednesday that the Board of Directors of First Bank of Nigeria Limited has appointed Gbenga...

  The Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), ‘Seye Awojobi has called on graduands of Ecobank Nigeria Academy to make their word their bond to excel in the banking profession. The CIBN Registrar who gave this charge at the virtual graduation of the Ecobank Management Development Programme...

Nigeria’s Access Bank Plc has acquired the South African’s Grobank. This acquisition is its third in eight months, having taken over Kenya’s Transnational Bank in July last year 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,...

  Access Bank Plc. say has unveiled a reward scheme for its customers to promote diaspora remittances into the country.The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, disclosed this in a statement in Lagos on Thursday. Etuokwu said that the bank would be rewarding customers with five naira on...

4 customers to get one million Naira each at the end of campaign   Ecobank Nigeria has launched the Super Rewards Scheme, which gives 200 of its customers an opportunity to earn different cash gifts monthly, with four of them becoming millionaires at the end of the four months campaign....

  In the bid to boost the facilitation of payments between SME and retail customers in the digital space, Access Bank Plc recently unveiled SWIFTPAY, a digital payment service that facilitates the receipt of business payments by enabling customers make quick, easy and secure digital payments on social media platforms...

  Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter.  Korede Demola-Adeniyi; Head, Consumer Banking, Ecobank Nigeria, who announced this in Lagos stated that the decision is in line with the CBN’s directive...

To further enable its customers to do more conveniently and efficiently, innovative and digitally-led financial institution, Wema Bank has added more features to its corporate internet banking platform, ALAT For Business. ALAT For Business is the bank's revamped Corporate Internet Banking platform designed to help customers manage their business account...

Leading international money transfer provider Small World Financial Services (“Small World”), has signed a partnership with Ecobank -the leading Pan-African banking group, based in Lomé, Togo. The agreement brings the strengths and assets of both organisations to offer money transfer services to Africans in the diaspora. This is an exciting...