Business Archives | FAMOUS REPORTERS

Sep

2023

Zenith Bank Records Impressive Triple-digit Surge In Topline, Bottomline H1 2023 Result

Zenith Bank Records Impressive Triple-digit Surge In Topline And Bottomline H1 2023 Result Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023. This is a clear demonstration of its resilience and strong market share despite a very challenging macroeconomic environment and persistent headwinds. According to the bank's audited half-year financial results presented to the Nigerian Exchange (NGX) on Monday, 11th September 2023, the triple-digit growth in the top line also spurred…

Aug

2023

By Famous Reporters

Access Bank To Reward Customers with N135m In DiamondXtra Season 15

Business#AccessBank, #Deposit, #DiamondXtra

Access Bank To Reward Customers with N135m In DiamondXtra Season 15 Doles out N6.38bn in 15 years of rewarding scheme Access Bank, a leading financial institution, has announced it would reward customers N135 million in cash prizes to over 800 lucky customers in its season15 DiamondXtra campaign. The bank also noted that in 15 years it had rewarded over 26,000 customers customers with N 6.38 billion. The bank also emphasized that its commitment to encouraging savings and rewarding loyal customers remains unwavering, with this year’s goal aimed at reaching an even larger number of customers compared to previous years. Speaking…

Aug

2023

By Famous Reporters

Access Holdings Receives Karlsruhe Award for Outstanding Business Sustainability Achievement for the Eighth Consecutive Time

Business#AccessPlc, #Karlsruhe, #Sustainability

Access Holdings Receives Karlsruhe Award for Outstanding Business Sustainability Achievement for the Eighth Consecutive Time Lagos, Nigeria – July 31, 2023: Access Holdings Plc has been honoured with the prestigious Karlsruhe Award for Outstanding Business Sustainability Achievement for the eighth consecutive time. Presented at the Global Sustainable Finance Conference (GSFC) organised by the European Organisation for Sustainable Development (EOSD) in partnership with the city of Karlsruhe, Germany, the Award underscores the sustainability commitment demonstrated in the way Access Holdings conducts its business operations and activities. Delivering the opening remarks at the Awards event, the Lord Mayor of Karlsruhe, Dr. Frank…

Jul

2023

By Famous Reporters

Ecobank, once again, wins coveted Euromoney award as Africa’s Best Bank for SMEs

Business, NEWS#EcoBank, #Euromoney, #SME

Ecobank, once again, wins coveted Euromoney award as Africa’s Best Bank for SMEs Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs and our continuous suite of innovations – financial and non-financial – to spur their growth and success. We aim to be the bank of choice for Africa’s SMEs. Undoubtedly, these SMEs are…

Jul

2023

By Famous Reporters

“Ecobank’s Single Market Trade Hub: A Game Changer for SMEs in Nigeria” – Kola Adeleke

Business#EcoBank, #SME

“Ecobank’s Single Market Trade Hub: A Game Changer for SMEs in Nigeria” – Kola Adeleke Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. The Ecobank Single Market Trade Hub is a cutting-edge digital platform that serves as an exchange and information repository designed to respond to the evolving trading needs of SMEs and corporates within Africa's single market. The hub, which is now live, connects traders across Africa, within the 1.4 billion-people single-market framework of the African Continental Free…

Jul

2023

By Famous Reporters

Honeywell’s Judgement Claim is absurd and an Exercise in Futility – Ecobank

Business#Absurdity, #EcoBank, #Honeywell

Honeywell’s Judgement Claim is absurd and an Exercise in Futility – Ecobank Ecobank Nigeria says it remains committed to recovering the debts owed by Honeywell, emphasizing that the return of depositors' funds is crucial for ensuring the continued support and growth of local businesses by the bank. The bank also asserted that the judgement claim by Honeywell Flour Mills Plc is an exercise in futility as the bank would diligently pursue the appeal with the aim of overturning the judgment of the Federal High Court. Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court,…

Jul

2023

By Famous Reporters

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes

Business#EcoBank, #Nigeria, #Recede, #Volatile

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes Fitch Ratings says it foresees an upgrade of ENG's National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when exchange-rate volatility may recede, the impact on regulatory capital ratios and common equity double leverage is clear, and the scale of the second-order economic effects of the devaluation on loan quality becomes evident”. Fitch in its recent report noted that Factors that could,…

Jun

2023

By Famous Reporters

EASADOL UNVEILS BOLANLE “NINO” “MAKANAKI” NINALOWO AS BRAND AMBASSADOR

Business#Easadol, Bolanle "Nino" "Makanaki"

EASADOL UNVEILS BOLANLE "NINO" "MAKANAKI" NINALOWO AS BRAND AMBASSADOR Easadol, the leading premium painkiller brand in Nigeria, is proud to announce the appointment of Bolanle "Nino" "Makanaki" Ninalowo as its Brand Ambassador. The partnership was officially unveiled on Saturday, June 17, 2023, marking an exciting chapter for both Easadol and the renowned Nollywood actor, Trek Africa Newspaper can report. Easadol, manufactured by May & Baker Nigeria PLC, has consistently provided effective pain relief to millions of Nigerians for almost a decade. With a commitment to helping millions of Nigerians to manage headache, mild to moderate pains and feverish conditions,…

May

2023

By Famous Reporters

Experts Harps On Savings, Income Diversification At Ecobank Nigeria Workers Conference

Business, Economy#Commemoration, #Diversification, #EcoBank, #Savings, #Webinar

Experts Harps On Savings, Income Diversification At Ecobank Nigeria Workers Conference Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in the light of the current state of the nation’s economy. This was the submission of panelists at the webinar titled: Maximising your income: the power of diversification, organized by Ecobank Nigeria as part of its commemoration of this year’s Workers’ Day. This is just as Ecobank has reiterated that it has wide array of product offerings and financial services to meet the needs of the people and…

May

2023

By Famous Reporters

Access Bank PLC expands global footprint with launch of French subsidiary

Business#AccessBank, #FrenchSubsidiary, #Innovation

Access Bank PLC expands global footprint with launch of French subsidiary Access Bank PLC, the flagship company of Access Holdings PLC, has officially launched its subsidiary in Paris, France. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa. Herbert Wigwe, Group Chief Executive Officer of Access Holdings PLC, speaking on the purpose of the Bank’s strategic expansion efforts said, “Access Bank PLC, today, has a very strong presence in the United Kingdom, but coming on the heels of Brexit, there was a need for us to establish a presence…