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GTBank: Lagos State Principals Cup (Season 7) Finals Holds On Friday 10th, June 2016.

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SOCIAL MEDIA - PRINCIPALS CUP - Finals-

The Teslim Balogun Stadium will on Friday, June 10, 2016 host the finals of the GTBank-Lagos State Principals Cup; the biggest grassroots soccer competition in West Africa. Now in its 7th year, this season’s finals promises to be an exhilarating encounter between two teams as they stake their claim as ultimate champions of the prestigious tournament.

In the boys’ category, Dairy Farm Senior Secondary School who won the title in 2012 & 2014 will be seeking to permanently retain the trophy as they go in search of their 3rd title. Debutants Ejigbo Senior Secondary School will be playing for glory, having eliminated Keme Balogun Grammar School in a keenly contested semi-finals battle.

In the girls’ category, defending champions; Ikotun Senior High School will be playing for glory as they seek to defend their title against their old nemesis; CMS Senior Girls Grammar School, in what will be a rematch of the 2013 finals wherein the latter lost 4-2 on penalties. Will history continue as we know it or will history be rewritten; is a story that will be told when these titans collide at the Teslim Balogun stadium.

Winners will be rewarded with the sum of N750,000.00, N500,000.00 and N350,000,00 for the 1st ,2nd and 3rd place winners respectively in both male and female categories.

Over the years, the GTBank Lagos State Principals Cup has produced exceptional players at country and club levels. Yetunde Fajobi of Government Senior College, Agege, and Esther Adeboye of State High School, Alimosho (2014 edition players) were part of the Nigerian U-17 national team (The Flamingos) that qualified for the 2016 FIFA U17 World Cup. Amongst some of the notable players discovered in this year’s competition are; leading goal scorer in the Girls category, Edemekop Ndiana from CMS Girls Grammar School, Anusilem Amarachi from Ikotun Senior High School with 6 and 5 goals respectively.

Commenting on the significance of the competition in Nigeria’s educational framework, the MD/CEO of Guaranty Trust Bank plc Segun Agbaje, believes “the competition paves the way for youths to cultivate their sporting talents, whilst fostering and building a healthier lifestyle at a critical stage in their lives”. He enjoined the students to imbibe the spirit of fair play, hard work, and discipline, which are some of the core values of GTBank.

Guaranty Trust Bank, a youth oriented brand maintains the lead in providing support for education and sports to enable young boys and girls explore their talents and reach for their dreams. It is one of the few Nigerian financial institutions that have maintained a defined Corporate Social Responsibility (CSR) strategy, most especially in sports education. The Bank actively supports in-classroom and out-of-classroom educational programmes, infrastructure development, students’ scholarship and teachers training across Africa.

Alongside the Lagos State Principals Cup, GTBank also sponsors the Ogun State Principals Cup, and the Masters Cup tournament in Lagos.

BIG STORY

Kings of Finance: GTBank Named Africa’s Most Admired Finance Brand

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Guaranty Trust Bank plc has been ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine.

In a special report examining the results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said GTBank’s “clever marketing, global presence and some of its flagship food and fashion events have undoubtedly helped make it a fixture of daily life in some of its key markets, especially its home base Nigeria.” He added that the bank, which recently won plaudits for building a 110-bed Care Centre in response to the Covid-19 Pandemic, “has taken banking and finance to the people.”

GTBank has long been regarded as one of Africa’s outstanding brands and enjoys a massive youth following thanks to its innovative and forward-thinking approach to financial services and customer engagement. It currently commands the largest social media following amongst all financial institutions in Africa and in 2019, the Bank hosted over 700,000 people at its consumer-focused events, GTBank Food and Drink Festival and The GTBank Fashion Weekend, among them dozens of business leaders and industry experts from around the world.

In 2019, GTBank removed all banking charges for young undergraduates under the age of 25 on its GTCrea8 Account Package. The move was unprecedented in the financial services sector but not unusual for a bank that had pioneered Zero-Naira Account Opening in the country, and in which people over the age of 65 also bank for free. GTBank is also blazing the trail in digital technologies; after leading the USSD banking revolution in Nigeria with its 737 Service, the bank is driving the digitization of consumer lending with Quick Credit, a first-of-its-kind digital lending product that gives individuals and small businesses instant, real-time access to loans anytime, anywhere via their mobile phones.

Brand Africa’s ranking of GTBank as Africa’s Most Admired Finance Brand is only one of its many accolades. In 2019, the was recognized as the Best Bank in Africa and Best Bank in Nigeria, by the Euromoney Magazine and the Best Banking Group and Best Retail Bank Nigeria by World Finance Magazine. In the same year, the Bank also dominated the Central Bank of Nigeria’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards for the third year in a row, taking home 8 of the 12 honours for banks at the forefront of driving the digitalization of financial services.

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COVID-19: CBN Issues Directive To Banks, Reduces Interest Rates

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The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating in Other Financial Institutions (OFIs).

The rate has been slashed from 9 to 5 percent per for one year, effective March 1, 2020.

This was contained in a circular to banks on Wednesday by the Director of Financial Policy and Regulation Department, Kevin Amugo.

Similarly, CBN intervention facilities obtained through participating OFIs, Microfinance Banks (MFBs), Primary Mortgage Banks, among others would be given a further one-year moratorium on all principal repayments.

This is also effective on March 1, 2020.

OFIs have equally been granted leave to consider temporary and time-limited restructuring of the tenor and loan terms for households and businesses, subject to the recently issued guidelines for restructuring affected credit facilities in the OFI sub-sector.

The Director, Corporate Communications Department, Isaac Okoroafor, said the decisions were part of the bank’s efforts to cushion the effects of coronavirus on Nigerians, businesses and regulated institutions.

He assured that the CBN would also continue to monitor developments and implement appropriate measures to safeguard financial stability and support stakeholders impacted by the COVID-19 pandemic.

However, the Monetary Policy Committee (MPC) meeting of the CBN for the month of May will be held on Thursday.

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GTBank Celebrates Children’s Day

Gbemileke Ajayi

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