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Pastor Omowumi Popoola, 1st Female SAN, Chief Folake Solanke; 1st Female Speaker of Oyo State House of Assembly, Senator Monsurat Sunmonu; 1st Lady of Zamfara, Hajiya Asma’u Abdul’aziz Yari Abubakar; representative of the MD/CEO of Heritage Bank Plc, Niyi Adeseun, Executive Director, Service Bank; Mrs. Abimbola Fashola, Wife of Minister of Power, Works and Housing, Chief Onikepo Akande, President of LCCI and Miss Oluwotoyi Abdukadir, all awardees at the 5th Oyo State Officials` Wives Association (OYSOWA) National Women`s Summit 2016 held in Oyo State.

Oyo State Government has recognised and awarded Heritage Bank Plc for its commitment to women empowerment.
The bank was bestowed with the special appreciation award at a summit organised under the auspices of the Oyo State Officials’ Wives Association (OYSOWA), under the leadership of the governor’s wife, which is the 5th edition.
The three-day summit entitled: “The Ultimate Woman at a Time Like This,” was held at the Emeritus Theophilus Ogunlesi Multipurpose Hall, Opposite UCH Gate, Ibadan.
MD/CEO of Heritage Bank, Dr. Ifie Sekibo in appreciation of the award, stated that the bank’s supports toward women entrepreneurs reinforce its belief in small businesses and their importance to economic growth of the country.
He said: “Heritage Bank recognizes the importance of women in the society, especially in the economy, and this informs its commitment to women empowerment. Our mission is to help women succeed in business and in life.

“We believe that with the right motivation and resources, more women in Africa and in Nigeria can achieve the enviable success that many women across the world have achieved.  At Heritage Bank, we have committed ourselves to providing these capacity and resources to empower and motivate women across the country.”

Women empowerment, according to him, was informed by the need to advance the Nigerian woman’s confidence and also teach her to find a balance between living the life she wants and securing her financial future.
The hostess and leader of OYSOWA, Mrs. Florence Ajimobi, described the summit as a landmark for two reasons: “The first is that this is the fifth edition of the summit and it is so amazing that this small idea that was conceived a few years ago has become a reference point.
“The second is that just this year, the Violence Against Women Law 2016, was passed by the Oyo State House of Assembly to the glory of God. I recall that during the first summit in 2012, I mentioned that steps were being taken to pass this bill into law and there was even a session on passing a bill on violence against women during that summit. This summit gives us an opportunity to celebrate this achievement for Oyo State that now, we have a law that protects us (women) specifically.”
She noted that over the last five years, several programmes have been organised with a view to producing ultimate women in the society. She also advocated upward review for the roles of women in nation building.
Nkechinyere Okorocha, wife of Imo State Governor, who advocated greater recognition for women, noted that the change that Nigerians desired and believed has finally come to the country.
Senior Special Assistant to President Muhammadu Buhari on Sustainable Development Goals (SDGs), Mrs. Adejoke Orelope-Adefulire, emphasised the need for Nigerians to pray for their leaders and why women should be supportive to their husbands and play their own quota in the growth and development of the country.
Oyo State Governor Abiola Ajimobi, and his counterparts from Lagos and Osun, Akinwumi Ambode, Rauf Aregbesola, called for increased support for women to ensure that they overcome challenges limiting their potentials.
The three governors noted that in this period of economic recession, the leaders at every level should ensure that the water does not become too hot for women, and that the future of every society is determined by the quality of women in that society.
They also called for empowerment programmes capable of preparing women economically for any emergency situation in the country and on the home front.
 

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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

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