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Ifie Sekibo, MD of Heritage Bank Plc (middle) flanked from the right by Tokunbo Idowu (TBoss), Efe Ejegba (Efe), Group Head, Market Intelligence & Analytics, Retail Banking, Cynthia Erigbuem; Team Member, Brand Compliance Management, Ozena Utulu; from right, Bisola Ayeola (Bisola), Oluwarise Deborah (Debbie Rise), Media Sales Executives at Multichoice, Omobolaji Mogaji and Group Head, Corporate Communications of the bank, Fela Ibidapo, during the visit of the Big Brother Naija 5-top finalists to Heritage Bank's Head Office, in Lagos...recently In its continual commitment to boost the small medium enterprise (SME) sector, Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2 reality TV show, yesterday rewarded the five top finalists with financial investment support to enhance their entrepreneur drives. Efe, Bisola, TBoss, Debbie Rise and Marvis who were the top five met with the management on Wednesday, when the Managing Director of Heritage Bank...

Senior secondary school students in Nigeria have a few more days more to enter the UBA Foundation national essay competition, which closes November 13, 2015. UBA Foundation, which is the corporate social responsibility arm of United Bank for Africa (UBA) Plc, has announced that the closing date for

By Niyi Tabiti Back in the days, Union Bank pay off "Big, Strong,Reliable" was very exciting to the ears.The adverts was shown regularly on television with the logo of a horse.Union bank was always on the top five best banks in Nigeria.    However, Gistmaster findings show that Union bank management forgot to consolidate on the achievement of the

After publishing the news of Financial council suspension of IBTC directors,Gistmaster got a message from the bank stating their own side of the story. Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC (“Stanbic IBTC”). Although the matter is in court, we are

The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said Peterside, David-Borha and the KPMG staff remain suspended until the conclusion of investigation into the

Pan-African financial services group, United Bank for Africa (UBA) Plc, yesterday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6 billion and a 17% rise in gross earnings to N247.2 billion.  The third quarter results also show Net Operating Income (NOI) recorded a strong 21% growth to N167.4 billion.   The cost to income ratio remained within management's

From left: The wife of the Founder of First City Monument Bank (FCMB), Olori Abimbola Balogun; the founder of the Bank Otunba Olasubomi Balogun and the the Deputy Governor of Ogun state, Mrs. Yetunde Onanuga, during the Ojude Oba Festival held at Ijebu Ode in Ogun State on Saturday (September 26, 2015). FCMB founded by Otunba Subomi Balogun has continued to demonstrate it love for the the promotion of culture and tourism in Nigeria.  As usual FCMB's participation at the 2015 Ojude Oba Festival held at Ijebu Ode, Ogun state on Saturday September 26, 2015 on your platform was notable. The Bank has been sponsoring/supporting the Festival over the years. FCMB's  involvement in the festival is a demonstration of its value as a helpful bank committed to reaching out to all segments of the society.  In a statement obtained by Gistmaster,the management said "FCMB will continue to support initiatives that will enhance the well-being of th...

Head Marketing and Corporate Communications, UBA Plc, Mr. Charles Aigbe in warm handshake with Legendary Hollywood actor, Actor, Danny Glover at the World conference organised for the Unveiling of the  cast of 93 Days movie Pan African banking and financial services group United Bank for Africa (Plc) has restated its commitment to the growth and development of the African movie industry by supporting the

FCMB Group Plc on Wednesday declared a profit after tax of N8.3bn for the half-year ended June 30, 2015, 13 per cent lower than the N9.576bn it made in the same period last year. Although the group grew its gross earnings by 11 per cent from N69.620bn to N77.353bn in the review period, higher expenses led its profit before tax to dip by 14 per cent from N11.140bn to N9.565bn. FCMB’s financial statements, which it filed with the Nigerian Stock

Nnamdi Okonkwo, the MD/Ceo of Fidelity Bank has declared that his bank is positive about gaining more grounds in it business operations. Okonkwo said despite some economic and political issues in the country, the bank was able to record increase in it gross earnings and profits. Read the full details of the financial records of the bank here

Group Managing Director/CEO, UBA Plc, Mr. Phillips Oduoza and Director, Information Technology, UBA Plc, Mr Rasheed Adegoke during the press launch of the Bank’s simplified solution for  Biometric Verification Numbers (BVN) registration, in Lagos on Monday Lagos, Nigeria.    July 6, 2015 . United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process for customers of the bank to submit their Biometric Verification Numbers (BVN). Leveraging on its robust information technology infrastructure, on Monday July 6,

Zumax Nigeria has dragged FCMB to court over improper management of it account and the diversion of N1 Billion,resulting in what it called monumental fraud. There have been amazing revelations in the Lagos State High Court, where FCMB is currently defending allegations that it is responsible for the massive defrauding of a corporate customer.  (The suit no. in the

Managing Director/Chief Executive Officer, Fidelity Bank Plc., Nnamdi Okonkwo has said that the Bank will continue to reward loyal customers to show appreciation for their patronage of the bank’s products. This, Nnamdi Okonkwo said, is to encourage the banking public to benefit from the bank’s numerous products and in line with the Bank’s mission to make financial services easy and accessible Mr. Okonkwo made the statement at the weekend while reacting to the N52m the Bank gave to over 100 customers in the on-going Fidelity Loyalty Savings Scheme. Specifically, Nnamdi Okonkwo said that the Bank is committed in its drive towards excellent service delivery and

The group managing director of First Bank Plc, Mr. Bisi Onasanya retires after many years of meritorious service. A statement by Folake Ani-Mumuney, FBN Holdings Global Head of Marketing and Corporate Communications, confirmed the latest news. Onasanya is reputed as the architect of modern day First Bank.  Mr. Bisi Onasanya is set to retire at a high point of his career as Group Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable banking brand, at the successful completion of his tenure.      His retirement takes effect at the end of the current Financial Year on December 31 2015. Mr. Onasanya is retiring on the

No fewer than 125 correspondents and reporters across the South West zone would be trained on digital journalism by ‎the Skye Bank Plc. The bank's Head of Corporate Communications, ‎Mr. Rasheed Bolarinwa, disclosed this at the flag-off of the training exercise in Abeokuta with the theme: "Digital journalism in 21st Century." Bolarinwa ‎said the need to improve the capacity of journalists and fill the gap created by the increasing patronage of online journalism in the country informed the training. He stated that lots of applications and tools exist in the digital space to enhance and enrich the work of Nigerian journalists‎, urging them to key into it. According to him, the South West would be used as a pilot ‎for the training before the bank replicates it in other parts of the country. Bolarinwa said, "We realised that when you train journalists, you build their capacity. Journalists have the tendency to impact society positively and we felt the bes...

L – R: MD/CEO Unity Bank Plc, Mr. Henry J. Semenitari; Mr. Ade Bajomo, ED, Market Operations & Technology, NSE presenting the gong to the Chairman of the  Board of Directors, Unity Bank Plc., Mr. Thomas Etuh at the presentation of the Facts Behind the Figures by the Bank at the Exchange, recently. L : Managing Director/CEO Unity Bank Plc, Mr. Henry J. Semenitari; Executive Director, Market Operations & Technology, Nigeria Stock Exchange, Mr Ade Bajomo; Chairman,  Unity Bank Plc Mr. Thomas Etuh and Executive Director, Unity Bank Plc, Mrs Aisha Abraham at the presentation of the Facts Behind the Figures by the Bank at the Exchange, recently. L – R: Mr. Haruna Jalo Waziri, Executive Director, Business Development, NSE; Mr. Ade Bajomo, Executive Director,Market Operations & Technology, NSE; Mr. Thomas Etuh and the Managing Director/CEO Unity Bank Plc, Mr. Henry J. Semenitari at the presentation of the Facts Behind the Figures by the Bank at t...

Segun  Agbaje,MD GTBank A High Court of the Federal Capital Territory in Apo, Abuja,  on Monday ordered the Guaranteed Trust Bank Plc to refund N5.3bn illegally withdrawn from the account of one its customers, Dr. Ted Iseghohi Edwards. Justice Valentine Ashi in his judgment ordered that the N5.3bn should attract 10 per cent interest from Monday, when judgment was delivered, till the time the money was paid back to the owner. The court also ordered that the money should attract another 21 per cent interest from December 12, 2014 when GTB illegally withdrew the money, until the fund was eventually paid back to Edwards. The judge, while reviewing the case, in his judgment held that the bank did not have any defence to its action of the withdrawal of the total sum of N5,240,516,186.21 from the customer’s account and thereby ordered the bank to pay the money to the owner through his Zenith Bank Plc account. Edward, a lawyer of Edwards and Partners Law Firm,

Media propaganda against the Director General of the Debt Management Office, Dr. Abraham Nwankwo in an issue involving First Deep Water Discovery Limited and its debtors are actually campaigns sponsored by one of the creditors, Ecobank Nigeria Limited led by the Managing Director, Mr. Jubril Aku to intimidate and blackmail the DG for refusing to play side to any of the parties, no matter how powerful they may be. Further digs revealed that the case is actually a contest involving six parties, including Ecobank against First Deep Water Discovery Limited. Our findings shows that the DG might actually be a victim

News of the fine imposed on GTBank London operations by British financial regulator turned into 'beer parlour' celebration for those determined to put clog in the wheel of the bank's progress by every means.     The Financial Conduct Authority (FCA) disclosed that between May 2008 and July 2010, GTBank UK had failed to assess potential money-laundering risks, screen customers against sanction lists, establish the purpose of the accounts being opened in their London branch or review the activity of "high risk" accounts. Latest findings show that the sanction by FCA was result of l

Niyi Tabiti Several branches of Intercontinental Bank that have been tagged 'not performing' has been shut down by Access Bank, the new owners of the bank just as over one thousand staff of the same bank  lost their jobs. Gistmaster gathered some of the braches of Intercontinental Bank shut down by Access Bank includes the one at Ikeja, Ibafo and Akute.Austin Edoja, the corporate affairs manger of Access Bank confirmed the new development. Already, close to two thousand staff of Intercontinental bank has been sacked. However, we gathered that this just the first batch. Sources told gistmaster that Access Bank also plan to sack thousands of others soon. Intercontinental Bank was hit by massive low patronage after the Central Bank of Nigeria indicted the erstwhile Managing Director of the Bank, Erastus Akingbola and other directors of fraudulent practices.