We have consistently led in brand value among Nigerian Banks since 2011, moving from a brand value of $170 million to $322 million dollars in 2015. In spite of the global economic headwinds which took its toll on the industry in 2016, we have been able to keep our brand value at over $300m consistently leading our industry in delivering value to our stakeholders.

LOSSES sustained by the industrial goods sector, which turned out to be the only sector that recorded negative return last week, has dragged activity in the equities market to a negative close.

It is necessary to recognize every customer and reward or appreciate their patronage as well as attract new ones. While promos have been used in many industries for this, it is a very delicate option for the banking business in my view. Banking products and services are intangible unlike the typical FMCG goods where sales once made is conclusive and the goods sold translates to revenue figures instantly. Not always so in banking because it takes time to translate the ‘money’ to ‘money’.

Winners that emerged in the 5th draw of the Fidelity Bank Plc’s ‘Get Alert in Millions’ promo have been handed out their prizes in a presentation ceremony that took place at the bank’s head office in Lagos.

People prefer using phone for transactions because it is easier and faster than going to the ATM because the ATM can be far from where they are but their bank does it easily. Since the phone can do the transfer I don’t see any reason stressing myself going to the bank to do the transfer.

Unity Bank has announced the launch of Unity1 Account, an electronic product that puts customers in charge of their banking experience, offering greater electronic convenience and interactivity for online account opening with minimal documentation.

The Central Bank of Nigeria (CBN) yesterday ordered banks to process foreign exchange demand for Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in all their branches within 24 hours.

Old Mutual Insurance has disclosed that the Nigerian insurance market is far bigger than the South African and Ghanaian insurance markets.

BANKS’ borrowing from Central Bank of Nigeria (CBN) rose sharply to N1.6 trillion last week, triggered by demand for funds to participate in the special foreign exchange auctions conducted by the apex bank.

I will say that 2015 was the end summer. 2016 was hard winter. 2017 is going to be hard winter as well. But the difference between 2016 and 2017 is that, we have braced ourselves for 2017. No matter what anybody say. And we have to be realistic.

DESPITE sustained negative impacts of economy headwind on the banking industry, banking sector index has led performance in the Nigerian Stock Exchange, NSE , accounting for N1.484 trillion or 9.3 per cent of total investment value on the NSE from Year to Date, YtD.

I am thankful to you for counting me among the elders of the industry, it is a very distinguish company worthy of keeping. As to why elders stay behind the scene I can only speculate on the answer, it should be to allow the younger professionals in the industry to manage the affairs of industry space, without undue interference by the elders.

There is the current awareness on the part of investors to invest in projects which not only impact the society but are also ethical. Investors are now more than ever literate with respect to financial decision making. This we have seen playing out in the successful outcome of sukuks. Of importance too is the issuer, where the reputation of the issuer is above board it is a critical success factor in the launch of any product.

THE Central Bank of Nigeria (CBN) will this week mop up N310 billion through sales of treasury bills. Meanwhile, Demand for Nigeria’s Eurobond on the London Stock Exchange (LSE) persisted last week translating to price appreciation across tenors.

I think the greatest challenge we have in downstream oil and gas sector is because today, we are back to what you may call ‘a managed subsidy system’ and once in a while, there is strong feeling that government will allow market forces to determine the price of petroleum products, particularly Premium Motor Spirit.