Court orders Ecobank to pay Honeywell N72bn damages

The Federal High Court sitting in Lagos has ordered Ecobank Nigeria to pay Honeywell Flour Mills N72.2bn in damages. The ruling, delivered on Tuesday by Justice Mohammed Liman, brought to an end an aspect of the longstanding legal battle between the flour milling company and the bank. The legal dispute stemmed from a series of allegations and counterclaims between Honeywell …

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AVPA, Sterling One Foundation Announce Call for Applications for the Africa Social Impact Summit 2023 Deal Room

The Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room, which will take place on August 11, 2023, in Lagos, Nigeria, to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners, presents a unique opportunity for …

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Polaris Bank Partners Eventful Limited to host 2023 Fashion Souk

Polaris Bank, Nigeria’s leading Digital Retail Bank, is partnering Eventful Limited to host the 2023 edition of The Fashion Souk scheduled to hold at Harbour Point facility on Victoria Island, Lagos from today Saturday, July 8th, and tomorrow Sunday, July 9th, 2023.  The Fashion Souk is set to be an extraordinary enclosed marketplace where Small and Medium-sized Enterprises (SMEs) in …

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United Nations partners Sterling One Foundation to convene the Africa Social Impact Summit

Sterling One Foundation has announced partnership with the United Nations to host the Africa Social Impact Summit (ASIS) 2023 in August. The event which will hold on August 10-11 at the Eko Convention Center, Lagos, will bring together key stakeholders in the African development space, including corporate executives, impact investors and development experts from various United Nations (UN) bodies and …

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FOR THE FOURTEENTH CONSECUTIVE YEAR, ZENITH BANK RETAINS POSITION AS NUMBER ONE BANK IN NIGERIA BY TIER-1 CAPITAL IN THE 2023 TOP 1000 WORLD BANKS RANKING

Zenith Bank Plc has retained its ranking as the Number One Bank in Nigeria by Tier-1 Capital in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in Nigeria, emerging as the 467th Bank globally with a Tier-1 …

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Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers across Nigeria for their unwavering loyalty to the bank. Commencing …

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Sterling Bank launches tech-based solutions for stakeholders in the Nigerian education sector

Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The solution aims to improve current learning outcomes and business growth for students, parents, and providers of educational services. Mr. Damian Umeasala, General Manager of Edubanc, stated at the launch in Lagos over the weekend, “Education has always …

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FirstBank introduces the First Humanoid Robot, reinforces commitment to providing innovative financial solutions for customers

In furtherance to its leading role in providing innovative financial solutions in Nigeria, First Bank of Nigeria Limited, Nigeria’s premier financial institution and leading financial inclusion services provider, has announced the launch of a Humanoid Robot, the first of its kind in the financial services space in Nigeria. The robot is equipped with Video Banking and Artificial Intelligence (AI), taking …

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NEXIM partners Fidelity Bank, and Sapphital to grow Nigeria’s export sector

As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building …

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Sterling Bank, SMEDAN To Create Nigeria’s Largest SME Database

One of Africa’s fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in scaling intervention programs and providing tailored solutions that truly contribute to the growth of SMEs. The signing ceremony took …

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