Access Bank Plc Wins 2018 Euromoney ‘Commercial Banking Capabilities’ Award

Access Bank Plc has emerged winner of the best ‘Commercial Banking Capabilities’ award in Nigeria by Euromoney for the year 2018.

The award was presented to the bank’s Group Managing Director/CEO, Mr. Herbert Wigwe, at the Euromoney Private Banking Awards 2018, which held at the Landmark in Marylebone, London. Access Bank Plc in the 2017 edition of the award category finished in 4th position.

The awards are the most prestigious in the growing area of wealth management and cover over 60 countries each year, as well as global and regional awards.

Euromoney in its recently released results of the annual Private Banking and Wealth Management Survey noted that Access Bank’s Commercial Banking Capabilities showed significant improvement within the past year.

The Award is given to honour firms that have proven to be leading providers of exceptional commercial banking services and have also shown an outstanding contribution to the banking sector.

The annual Private Banking and Wealth Management Survey is the industry’s leading barometer of the world’s best service and product providers to the world’s wealthy.

The survey provides a qualitative review of the best services in private banking, by region and by areas of service. It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.

The Commercial Banking category refers to the expertise the bank has to fulfill the business needs of clients and commitment to providing liquidity in all market conditions. Also, such a firm would have shown leadership in developing and integrating technology into its sales and business operations.

Speaking at the presentation ceremony, Mr. Wigwe said:

“This recognition highlights our commitment and dedication to serving our customers innovatively and putting them at the forefront of our business.

We want to say a big thank you to our customers for entrusting us with their businesses and we look forward to our continued partnerships in years to come. We provide bespoke services tailored to meet the needs of this segment including building a socially responsible business portfolio. This award is in recognition of our regional expertise as we continue to work towards being Africa’s gateway to the world.

This is just the beginning of greater things to come for our Bank.”

Euromoney is a widely respected global financial media conglomerate that covers global banking, macroeconomics and capital markets, including debt and equity. It also runs a number of independent industry surveys that have become the benchmarks for excellence in various categories of banking and finance. Published every February, Euromoney’s Global Private Banking Survey provides a qualitative peer review of the best services in private banking, by region and by areas of service.

Access Bank Plc is a full-service commercial Bank operating through a network of 383 branches and service outlets located in major centres across Nigeria, sub-Saharan Africa, and the United Kingdom with representative offices in China, Lebanon and India.

Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through four business segments: Personal, Business, Commercial and Corporate and Investment Banking.

The bank has over 830,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last 12 years ranking amongst Africa’s top 20 banks by total assets and capital in 2016.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations.

Winners Of Third Observers Nigeria 2018 Dividend Payment Awards

The Flour Mills of Nigeria Plc, has emerged the best company in the maiden edition of Dividend Payment Awards organised by Third Observers Nigeria Limited in Lagos.

The company was given the Gold Award for the regular payment of dividends to its shareholders spanning 36 years.

In the Silver Award category, the winning companies are Total Nigeria Plc, Julius Berger Nigeria Plc, Berger Paints Nigeria Plc and Guaranty Trust Bank Plc.

The four companies were awarded silver for their consistency in paying dividends to their shareholders in the last 20 years.

The Bronze Award was won by Access Bank Plc, Learn Africa Plc, AG Leventis Nigeria Plc and May & Baker Nigeria Plc, having paid their shareholders for a minimum of 10 years.

Mr. Sunday Nwosu, the Vice Chairman, Third Observer Nigeria Ltd., said the purpose of the award was to encourage more companies to pay their shareholders and improve investments in the stock market.

According to Prof. Oyewusi Ibidapo-Obe, a former Vice-Chancellor of the University of Lagos and the Chairman of the event:

“We need to have more investors to invest in the capital market, we can no longer depend on crude oil money again.

I believe with more companies listed in the stock market, we can turn around the fortune of our country and minimise our dependence on crude oil.

I do appreciate what is happening in the capital market presently and it is an opportunity for investors to invest in it.

I am using this opportunity to commend the Third Observers Nigeria for rewarding companies that are paying their shareholders dividends, this will encourage more companies to join the league.”

The News Agency of Nigeria (NAN) reports that Dividend Payment Awards for Nigeria’s Listed Companies is endorsed by the Nigerian Capital Market (NCM) and the Securities and Exchange Commission (SEC).

Winners Of 2017 International Finance Magazine (IFM) Awards

Winners have emerged in the 2017 International Finance Magazine (IFM) Awards, which recognizes and honours individuals and organisations in the international finance industry that make a significant difference and add value.

The International Finance Magazine (IFM) shines a spotlight on those who make a contribution to raising the bar in the financial industry through activities of note. These include path-breaking initiatives in corporate social responsibility or charitable activities, better corporate governance and other achievements that impact the global finance community.

The entire process is free of charge – from nominations to evaluation to the announcement of the awards. Using a combination of reader nominations and expert analysis ensures that there is a fair process that is not influenced by reputation or newsworthiness.

Nigeria: Financial Awards

  • Most Innovative Bank – First Bank of Nigeria Ltd
  • Best Digital Bank – Guaranty Trust Bank (GT Bank)
  • Best Real Estate Agency – Luxury Villas Group
  • Best Corporate Bank – United Bank of Africa
  • Best Agro Business Bank – Unity Bank of Nigeria
  • Fastest Growing Retail Bank – Union Bank Of Nigeria

Nigeria: Real Estate Awards

  • Best Property Consultants – Fine And Country

Nigeria: Utility Awards

  • Best Energy Solutions Provider – Oando PLC

Head Retail Banking, Union Bank, Carlos Wanderley, commenting on its award said:

“We are proud to receive this award, which is a recognition of our commitment and efforts to build a truly customer-centric bank. We place strong emphasis on innovation, quality customer service and continuous process improvement which has resulted in steady, organic growth across the Bank.”

Ezinne Uko Wins $100,000 Kwesé Inc #GoGettaz Entrepreneurship Competition

Ezinne Uko (Nigeria) and Peter Wachira (Kenya) have been selected as the two winners of the $200,000 Kwesé Inc #GoGettaz entrepreneurship competition held at Strathmore University in Nairobi, Kenya.

Both walk away with a $100,000 USD investment, a similar amount in credit facility from Equity Bank Kenya, and a two week mentorship at Kwesé’s headquarters in South Africa with Strive Masiyiwa, founder and Executive Chairman of Econet Global. The 10 runners up each receive $10,000 USD investment in their ventures.

Ezinne Uko and Peter Wachira have taken the grand prize from a group of 12 finalists from DRC, Ghana, Kenya, Nigeria, Rwanda, South Africa and Zimbabwe.

Judged on their business/non-profits’ sustainability, originality, social benefit, and scalability as well as votes garnered from the general public in a month-long social media voting phase, which closed on 30 November 2017, Contrail Stores and A Remote Youth Venture impressed the judges and receive a $100,000 injection into their business/venture from Mr. Masiyiwa.

As one of the largest entrepreneurship competitions on the African continent, 4,800 competition entries were received, 50 million social media shares and over 200,000 web page visits. The winners endured, and their businesses will not only benefit financially but, as first-ever Kwesé Fellows, they will also continue to receive best business/venture practices from Mr. Masiyiwa for the duration of their mentorship program.

In the words of Mr. Masiyiwa:

“At our eighth Africa Entrepreneurship Town Hall today, we had hundreds of people from different walks of life, all in the same room, all focused on solutions for the future: top business leaders, government officials, technology experts, academics, students… all thinking about how new technologies can help rather than harm society.

Today is how we build for Africa’s century and end poverty globally.  Together we listen, we innovate and we take action — with data and vision, and without delay.”

To inspire upcoming entrepreneurs and pave the way for new generation innovators, the Kwesé Inc #GoGettaz Entrepreneurship Competition finals will be broadcast on Kwesé Inc, an exclusive channel for entrepreneurs on the pay TV platform Kwesé TV, now available in over 10 countries with more to launch soon.

Chi Limited Wins 2018 MAN Award For Best Kept Industrial Premises

Chi Limited has been announced as the first place winner for best kept industrial premises in the Manufacturers Association of Nigeria’s (MAN) 50th Annual General Meeting and Awards.

Chi Limited won the award for adopting best workplace production practices and processes amongst competing multinational companies in the country.

A MAN multi-panel selection committee comprising of regulatory bodies, both at state and federal levels, noted that Chi Limited took the first-place prize because of its world class manufacturing facilities and processes.

The award was a reward for the company’s continued passion for excellence and commitment to sustainable development exemplified by its significant investment in manufacturing and other related infrastructural projects. Chi Limited’s investment in modern production infrastructure has been a critical enabler for competitiveness, research and development as well as productivity growth.

An ISO 22000 certified company, Chi Limited’s world class and state of the art manufacturing facility deploys the most advanced processing and packaging technology available anywhere in the world. Its strict adherence to world class manufacturing standards and consistent efforts to ensure the most efficient process possible has been key to the company’s success and recognition.

According to Chi Limited’s Managing Director, Deepanjan Roy:

“We are happy that our efforts so far have paid off with significant output and recognition. The Manufacturers Association of Nigeria Award inspires us to continually demonstrate excellence in manufacturing and constantly strive for improvement, best practices, creativity and innovation.”

This award joins a growing list of recognition awards for Chi Limited ,which include most recently, The Guardian Manufacturing Excellence Award 2017 for Beverage Manufacturing Company of the Year.