http://www.webremixed.info/ Aggregation of tags: banking-and-insurance Webremixer http://allafrica.com/stories/200811190881.html It was a day of honour for the Managing-Director and Chief Executive of the Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru in Accra, Ghana, when she, along with other eminent African personalities, was honoured yesterday in Accra, Ghana, with the Kwame Nkruma African Leadership Award. Wed, 19 Nov 2008 18:28:54 GMT http://allafrica.com/stories/200811190881.html 2008-11-19T18:28:54Z http://allafrica.com/stories/200811190838.html In its bid to encourage savings and spur economic activity in Nigeria, Standard Chartered Bank has concluded arrangement to bring in experts that will enlighten the micro finance institutions on their role towards economic development. Wed, 19 Nov 2008 17:07:56 GMT http://allafrica.com/stories/200811190838.html 2008-11-19T17:07:56Z http://allafrica.com/stories/200811190826.html Union Homes Plc, the biggest primary mortgage institution in Nigeria and a subsidiary of Union Bank Plc has selected Finacle UBS to power its continuing growth and expansion plans. Wed, 19 Nov 2008 17:07:48 GMT http://allafrica.com/stories/200811190826.html 2008-11-19T17:07:48Z http://allafrica.com/stories/200811190823.html IN spite of all the storms that rocked Nigerian Reinsurance Corporation especially in the last two years, the management of the reinsurance company has said the reinsurer would bounce back to regain its leadership position in the country. Wed, 19 Nov 2008 17:07:46 GMT http://allafrica.com/stories/200811190823.html 2008-11-19T17:07:46Z http://allafrica.com/stories/200811190724.html Hazonwao Microfinance Bank Limited, subsidiary of the Hazonwao Group has unveiled strategies to change the fortunes of the active poor in Nigeria, especially those in the Lagos metropolis whose desire is to meet their daily financial obligations. Wed, 19 Nov 2008 14:47:20 GMT http://allafrica.com/stories/200811190724.html 2008-11-19T14:47:20Z http://allafrica.com/stories/200811190667.html Currently, the bank has 17 branches across the region including 10 in Kenya, 5 in Rwanda and 2 in Uganda. Wed, 19 Nov 2008 14:11:28 GMT http://allafrica.com/stories/200811190667.html 2008-11-19T14:11:28Z http://allafrica.com/stories/200811190496.html The current drive by First Bank Plc, to improve investments in the agricultural sector in Plateau state through the offer of credit instruments to farmers has not been hampered by the N1 billion already sourced from the bank by farmers as the facility is still open for access. Wed, 19 Nov 2008 12:03:59 GMT http://allafrica.com/stories/200811190496.html 2008-11-19T12:03:59Z http://allafrica.com/stories/200811190442.html The Managing Director and Chief Executive of Oceanic Bank International Plc, Dr. Cecilia Ibru was yesterday honoured in Accra, Ghana with the Kwame Nkrumah African Leadership award. Wed, 19 Nov 2008 11:41:18 GMT http://allafrica.com/stories/200811190442.html 2008-11-19T11:41:18Z http://allafrica.com/stories/200811190440.html The leading telecommunications company, MTN Nigeria, has signed an agreement for the provision of wide Area Network(WAN) solutions to support 21 Central Bank of Nigeria (CBN) branches across the country. Wed, 19 Nov 2008 11:41:15 GMT http://allafrica.com/stories/200811190440.html 2008-11-19T11:41:15Z http://allafrica.com/stories/200811190294.html The suit instituted by some shareholders of Spring Bank on the acquisition bid by Platinum Habib Bank Plc (Bank PHB) was yesterday struck out by a Federal High Court in Lagos. Wed, 19 Nov 2008 10:50:22 GMT http://allafrica.com/stories/200811190294.html 2008-11-19T10:50:22Z http://allafrica.com/stories/200811190136.html Dr. Mike Ikupolati, Director General/ Head Of Mission West African Insurance Institute, Kotu South, Banjul, The Gambia, has suggested ways to make the practice of micro-insurance work in the West African sub-region. Wed, 19 Nov 2008 09:28:09 GMT http://allafrica.com/stories/200811190136.html 2008-11-19T09:28:09Z http://allafrica.com/stories/200811190133.html Goldlink Insurance Plc has announced a profit of N696 million in its operation in the third quarter ended September 30, 2008, the company's Managing Director, Femi Okunniyi, said. Wed, 19 Nov 2008 09:28:05 GMT http://allafrica.com/stories/200811190133.html 2008-11-19T09:28:05Z http://allafrica.com/stories/200811190064.html Fina Bank, one of the leading regional banks, has started operations in Uganda as part of its regional expansion strategy. Wed, 19 Nov 2008 07:16:57 GMT http://allafrica.com/stories/200811190064.html 2008-11-19T07:16:57Z http://allafrica.com/stories/200811190045.html KENYA Commercial Bank (KCB) has listed shares worth sh2.1b on the Uganda Securities Exchange (USE). Wed, 19 Nov 2008 07:12:12 GMT http://allafrica.com/stories/200811190045.html 2008-11-19T07:12:12Z http://allafrica.com/stories/200811181202.html Makeni branch of Rokel Commercial Bank (RCB) Friday donated ten helmets to commercial motorcycle 'okada' riders in the township. Tue, 18 Nov 2008 22:55:13 GMT http://allafrica.com/stories/200811181202.html 2008-11-18T22:55:13Z http://allafrica.com/stories/200811181136.html OGUN State Governor, Otunba Gbenga Daniel, yesterday, urged the Central Bank of Nigeria (CBN) to quickly come out with bailout strategy that would restore sanity in the financial system in view of the ongoing global financial disorder, even as he reaffirmed commitment of his administration to provide enabling and conducive environment for business to thrive. Tue, 18 Nov 2008 20:43:53 GMT http://allafrica.com/stories/200811181136.html 2008-11-18T20:43:53Z http://allafrica.com/stories/200811181060.html Central Bank of Nigeria (CBN) has said that foreign exchange offered for sale under the Wholesale Dutch Auction System (WDAS) increased to US$320.00 million from US$140.00 million in the week ended November 14, 2008. Tue, 18 Nov 2008 17:54:46 GMT http://allafrica.com/stories/200811181060.html 2008-11-18T17:54:46Z http://allafrica.com/stories/200811181018.html The Mozambican government signed an agreement with the African Development Bank (ADB) in Maputo on Monday under which the ADB will grant 90 million US dollars during the period 2008-2010 for poverty reduction programmes. Tue, 18 Nov 2008 17:35:25 GMT http://allafrica.com/stories/200811181018.html 2008-11-18T17:35:25Z http://allafrica.com/stories/200811180889.html Investors' preference for the shares of banking sub-sector since the resumption of bears market last week saw the sector topping the performance chart in terms of volume and value of equities traded. Tue, 18 Nov 2008 16:09:25 GMT http://allafrica.com/stories/200811180889.html 2008-11-18T16:09:25Z http://allafrica.com/stories/200811180872.html SENIOR officials allegedly dismissed seven National Youth Service (NYS) graduates from the Reserve Bank of Zimbabwe Bulawayo branch for allegedly unearthing shady foreign currency deals. Tue, 18 Nov 2008 15:57:42 GMT http://allafrica.com/stories/200811180872.html 2008-11-18T15:57:42Z http://allafrica.com/stories/200811180850.html The Enugu North local government area of Enugu State, in collaboration with First Bank of Nigeria and the Central Bank of Nigeria, has concluded plans to float a N20 Million Micro Credit Scheme for farmers in the state. Tue, 18 Nov 2008 15:34:25 GMT http://allafrica.com/stories/200811180850.html 2008-11-18T15:34:25Z http://allafrica.com/stories/200811180836.html The management of Peace Microfinance Bank Limited said plans are underway to empower low-income earners and civil servants in acquisition of property. Tue, 18 Nov 2008 15:33:53 GMT http://allafrica.com/stories/200811180836.html 2008-11-18T15:33:53Z http://allafrica.com/stories/200811180776.html Experts from Citibank, the New York based banking giant that recently was swindled of 27 million dollars from the Ethiopian National Bank's US account, have scheduled to visit the National Bank of Ethiopia (NBE) within the next few weeks to verify NBE's SWIFT security code system through which the two banking entities have been communicating. Tue, 18 Nov 2008 14:33:53 GMT http://allafrica.com/stories/200811180776.html 2008-11-18T14:33:53Z http://allafrica.com/stories/200811180597.html Oceanic Bank International Plc's quest to become a one stop financial super market is yielding results as it has added another subsidiary, Oceanic Pension Fund Custodians Limited. Tue, 18 Nov 2008 11:52:36 GMT http://allafrica.com/stories/200811180597.html 2008-11-18T11:52:36Z http://allafrica.com/stories/200811180421.html Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma C. Soludo has been appointed as a member of the United Nations task force that will address the global financial crisis. Tue, 18 Nov 2008 10:57:35 GMT http://allafrica.com/stories/200811180421.html 2008-11-18T10:57:35Z http://allafrica.com/stories/200811180415.html The Bank of Industry (BOI) has announced an increase of 338.65 percent representing N43.25 billion on the value of its fresh loans and investments in June this year. Tue, 18 Nov 2008 10:57:25 GMT http://allafrica.com/stories/200811180415.html 2008-11-18T10:57:25Z http://allafrica.com/stories/200811180310.html Attempts by seven banks to finance the purchase of Chevron Oil and Gas Limited's 60 per cent equity stake of Texaco Nigeria Plc by MRS Holdings Limited, Petroci Holdings and Corlay Global S.A. suffered a major set-back yesterday as a Federal High Court in Lagos restrained them from getting involved in the process. Tue, 18 Nov 2008 10:11:32 GMT http://allafrica.com/stories/200811180310.html 2008-11-18T10:11:32Z http://allafrica.com/stories/200811180177.html Union Bank of Nigeria Plc has concluded arrangement to hold its Annual General Meeting (AGM,) in Sokoto, where shareholders are expected to ratify its 2008 financial results ended March 31, 2008. Tue, 18 Nov 2008 08:40:46 GMT http://allafrica.com/stories/200811180177.html 2008-11-18T08:40:46Z http://allafrica.com/stories/200811180167.html Experts in the Nigerian capital market have expressed their concerns over the ability of the market to sustain its current rally. Tue, 18 Nov 2008 08:40:36 GMT http://allafrica.com/stories/200811180167.html 2008-11-18T08:40:36Z http://allafrica.com/stories/200811180092.html STANBIC Bank has confirmed an entry of 584 runners in the MTN Kampala International Marathon race, as bankers continue seeking a maiden corporate title, having failed to win it in the first four editions. Tue, 18 Nov 2008 07:57:11 GMT http://allafrica.com/stories/200811180092.html 2008-11-18T07:57:11Z http://allafrica.com/stories/200811171431.html First Bank of Nigeria Plc in Kano state has been ordered by the state High Court, situated at Miller Road High Court complex, to pay Zam Zam Industries Limited the sum of 40,706.78, pounds as compensation. Mon, 17 Nov 2008 23:18:51 GMT http://allafrica.com/stories/200811171431.html 2008-11-17T23:18:51Z http://allafrica.com/stories/200811171418.html A total of N5.335billion loans were guaranteed by the Central Bank of Nigeria (CBN) under its Agricultural Credit Guarantee Scheme Fund (ACGSF) from January to October, 2008. Mon, 17 Nov 2008 22:41:37 GMT http://allafrica.com/stories/200811171418.html 2008-11-17T22:41:37Z http://allafrica.com/stories/200811171368.html Nigeria Deposit Insurance Corporation (NDIC) has resolved N73.4 billion private deposits of 11 out of the 13 banks in liquidation. Mon, 17 Nov 2008 20:40:17 GMT http://allafrica.com/stories/200811171368.html 2008-11-17T20:40:17Z http://allafrica.com/stories/200811171331.html Unity Bank has assured of an improved service. In a speech by the Executive Director of the Bank Lamis Dikko at its special day during the just concluded Jos Trade Fair, he assured customers of continuous improvement in service delivery to exceed customer expectations. Mon, 17 Nov 2008 18:38:17 GMT http://allafrica.com/stories/200811171331.html 2008-11-17T18:38:17Z http://allafrica.com/stories/200811171289.html The Central Bank of Nigeria (CBN) on Friday disclosed that the cheques used for the purchase of 308 cars from Peugeot Automobile Nigeria (PAN) for members of the House of Representatives belonged to it. Mon, 17 Nov 2008 16:01:35 GMT http://allafrica.com/stories/200811171289.html 2008-11-17T16:01:35Z http://allafrica.com/stories/200811171191.html Uganda's state minister for microfinance, Gen. Caleb Akandwanaho, aka Salim Saleh has let out his greatest wish. At the launch of the state of Uganda's and world population reports on November 12. 2008 at Hotel Africana in Kampala, the jovial brother to President Museveni painfully narrated how he suffers being referred to as minister in charge of Prosperity for All, popularly known as Bonna Bagaggawale. Mon, 17 Nov 2008 14:40:21 GMT http://allafrica.com/stories/200811171191.html 2008-11-17T14:40:21Z http://allafrica.com/stories/200811170868.html Though not relatively new to Tanzania's nascent micro-finance industry, Instant credit Ltd which was incorporated as a locally registered micro - finance service provider in 2006, has grown from strength to strength and now boasts a network of over 30 branches across the country. Mon, 17 Nov 2008 12:22:35 GMT http://allafrica.com/stories/200811170868.html 2008-11-17T12:22:35Z http://allafrica.com/stories/200811170393.html The 2008 Annual Junior Golf Open championship has received a boost with the backing of Diamond Bank Plc who sees the sponsorship as part of its contribution to the development of the Nigerian Sport sector by way of empowering and harnessing the untapped talents in youths and nurtures them to develop a towering career in the elite sport. Mon, 17 Nov 2008 10:03:21 GMT http://allafrica.com/stories/200811170393.html 2008-11-17T10:03:21Z http://allafrica.com/stories/200811170391.html The drive for customers by the Oceanic Registrars, a subsidiary of Oceanic bank International Plc has yielded results, with the firm clinching new big time accounts. Mon, 17 Nov 2008 10:03:20 GMT http://allafrica.com/stories/200811170391.html 2008-11-17T10:03:20Z http://allafrica.com/stories/200811170350.html Bayelsa State government has released the sum of N54 million as part of its counterpart funding for housing for civil servants in the state to the Federal Mortgage Bank (FMB). Mon, 17 Nov 2008 09:43:26 GMT http://allafrica.com/stories/200811170350.html 2008-11-17T09:43:26Z http://allafrica.com/stories/200811170267.html The bank's promise to grow its profit to N28.03 billion by 2010 could be realized before then if only it could sustain the impressive growth rate it recorded this year. Mon, 17 Nov 2008 09:09:24 GMT http://allafrica.com/stories/200811170267.html 2008-11-17T09:09:24Z http://allafrica.com/stories/200811170268.html Union Bank of Nigeria PLC has announced its financial results for the full year ended March 31, 2008, showing remarkable improvement in the Group's gross earnings from N89.24 billion achieved in 2007 to N113 billion, representing an increase of about 28 per cent, while pre-tax profit grew by 88 per cent from N17.58 billion to N33.01 billion. Mon, 17 Nov 2008 09:09:24 GMT http://allafrica.com/stories/200811170268.html 2008-11-17T09:09:24Z http://allafrica.com/stories/200811170203.html If government must make headway in its quest to develop the nation's infrastructures and meet up with the 2020 vision, bankers believe there is need to establish a special fund to tackle the problem, Babajide Komolafe writes. Mon, 17 Nov 2008 08:49:18 GMT http://allafrica.com/stories/200811170203.html 2008-11-17T08:49:18Z http://allafrica.com/stories/200811170173.html FINALLY, Uganda's first mobile-phone banking is set to roll out its services. Ronald Egesa, a software developer, is putting final touches on the new service which will be available on all mobile phone networks in the country. Mon, 17 Nov 2008 08:30:19 GMT http://allafrica.com/stories/200811170173.html 2008-11-17T08:30:19Z http://allafrica.com/stories/200811170130.html Kwara State government has expressed its determination to partner with First Bank of Nigeria PL C in its renewed drive towards creating wealth for the people as well as ensure that the people of the state live far above poverty level . Mon, 17 Nov 2008 08:17:42 GMT http://allafrica.com/stories/200811170130.html 2008-11-17T08:17:42Z http://allafrica.com/stories/200811170121.html First Bank of Nigeria Plc has been named the Quoted Company of the Year 2007 by the Nigerian Stock Exchange (NSE). Mon, 17 Nov 2008 07:57:00 GMT http://allafrica.com/stories/200811170121.html 2008-11-17T07:57:00Z