₦airaland Forum

ArabMopol:
someone asked for financial assistance instead of helping with cash u rather incur more future dept on him with unnecessary car gift, he can't even maintain or fueled...

But bros, why u dey hate like dis?? ur pastor dey dr dey chop ur tithe, dey force u to bring ur first salary of d year widout giving back and we see someone goin in another direction, all u can say is rubbish..oga ade, if u dnt knw wat to say, jst pass by jare....if e gv am 4.5m, na u go still tok say e suppose build hotel for am abi e suppose use d moni buy house for am...dirty dog man!

The Ogun state Local Government election took place yesterday and report has it that APC swept all polls, all their candidates won in all local Government areas. This is however alarming and needs urgent attention. Even before the election started, there has been a cry of distress from some other parties accusing APC of deploying thugs, cultists to some specific areas where their victory isn’t certain.



During the election, there were issues of rigging which is contained in the video below, ballot snatching, attack on members who are not from APC and many more and also the alliance between the body responsible for elections in Ogun and the APC government. It was also reported that they were bribed.

However, other parties have expressed their dissatisfaction in the elections and might possibly go to court.

WATCH VIDEO:

http://www.saharaweeklyng.com/wp-content/uploads/2016/10/14654095_293984477654055_8952791893230485504_n.mp4?_=1





http://www.saharaweeklyng.com/ogun-lg-elections-exclusive-video-of-how-apc-rigged-elections/

The GTBank Fashion Weekend may seem novel for a financial institution, but it is part of the bank’s long history of supporting the local fashion industry.

Foremost African financial institution, Guaranty Trust Bank plc, last week announced the debut of the GTBank Fashion Weekend, set to hold on the 12th and 13th of November 2016, at the GTCentre, Oniru, Victoria Island. With the bank being the first financial institution to pioneer such initiative, it is important to understand its motive for organizing such an event and necessary to know what guests will gain from attending.

Why is GTBank Organizing a Fashion Weekend?

Perhaps the short answer is: To promote enterprise in the SME sector of the Fashion industry. The not-so-short answer would begin with the fact that GTBank actually has an extensive footprint in fashion that goes back several years. The bank has sponsored two of the country’s leading fashion events, The Arise Fashion Week and The Lagos Fashion and Design Week, for a combined period of five years. The bank has also contributed significantly to raising the international profile of African fashion through collaborations including the Ndani Installation at Selfridges and the “Double Club” Collaboration with PRADA.

The GTBank Fashion Weekend is thus an extension of the bank’s long tradition of supporting the local fashion industry and African fashion in general. However, the Weekend extravaganza is much bigger than whatever the bank has done in the past to support Fashion because it not only aims to celebrate African fashion but to directly boost both the expertise and exposure of small businessesand create a platform that will truly serve the stakeholders in the fashion industry. As Mr Segun Agbaje, the Managing Director of GTBank, puts it, “[it is all about] growing SMEs in a sustainable manner that is not driven by profits but focused on empowering our customers and growing our economy collectively.”

At the core of the Weekend are fashion MasterClasses, where entrepreneurs will have the unique opportunity to interact with and learn from global fashion industry leaders, and Retail Exhibitions which will showcase the wares of dozens of SMEs within the fashion industry for patronage from guests. An example of how effective retail exhibitions can be is seen in the very successful GTBank Food and Fair held in May where over 25,000 guests helped over 100 SMEs achieve record sales of their products.

Why Should I Attend the GTBank Fashion Weekend?

Again, the simple short answer: The Weekend will provide the ultimate fashion experience that anyone intrinsically interested in Fashion cannot afford to miss. For the longer version of that answer,think of the GTBank Fashion Weekendas a perfect blend of the glitz and glamour of fashion with the vibrancy of trade fairs and the enlightenment ofworkshops. Attending the event will not only get you thrilled, but also leave you thoroughly entertained and greatly empowered, all of which will cost you absolutely nothing.

Given that the Weekend is positioned as a sequel to the GTBank Food and Fair, one thing that you are sure to be treated to is an awesome atmosphere dense only with a spectacular array of top personalities and industry leaders. Just as the Food and Drink fair brought together critically acclaimed international chefs, the GTBank Fashion Weekend will pack a punch of fashpacks – from world renowned fashion personalities to globally recognised brand owners, trend setters and designers. These fashion aficionados will all join together to make your experience of the Entrepreneurial and Fashion MasterClasses, Retail Exhibitions, and glamorous Runway Shows a memorable one.

At the fashion MasterClasses, you will have the direct opportunity to interact with and learn from local and international fashion industry leaders. With the MasterClasses themed Promoting Enterprise, expect to learn a lot about how to make a profitable business out of fashion. As well as being treated to a sizzling series of Runway shows featuring collections by renowned Nigerian and international luxury brands, expect also to enjoy an amazing showcase of a diverse range of affordable and luxury apparel, footwear, accessories, beauty items, and much more from budding indigenous SMEs.

Ultimately, the GTBank Fashion Weekend is one that you cannot afford to miss not only because of the fun-filled and memorable it will be, but also because of the significant boost that it will give to SMEs involved in Fashion and the fashion industry in general.

Wao!!! How time flies, Nobody knows you when you are still struggling, the only people that know you are fellow hustlers like Yours.

The difference between the time of Labour and Harvest is just time. With patience, You are sure going to make it.

The only reason you should be sad is if your throwback Pictures look good than your present situation.

Almost everyone knows Star Actor, Muyiwa Ademola. He has been through a lot in the Yoruba Movie Industry. He started as a Minor character and Later became a major thing in the Industry.

http://www.saharaweeklyng.com/tbt-throwback-photo-of-yoruba-movie-star-muyiwa-ademola/

One of the so-called Nigerian Leading bank, Guarantee Trust Bank (GTB) Is currently performing an act that could be best described as stealing by trick. A lot of people have been complaining about this and this has even happened to me several times but the latest one really touched me to my marrow.

Firstly, i opened an e-savers account with GTBank some years back and it was said to be a ZERO-ACCOUNT, No hidden charges, No SMS alert fee, No email notification fee, everything is free, and because i was a student then, i decided to open one and it was rosy. i even recommended GTB For anyone who says he or she wants to open a Bank account, i even go as far as taking the person to the entrance of the bank to make sure the person goes there, that was how passionate and loving i was for GTBank. It was a sweet experience.
However, things began to turn sour when i got to know i can't perform any internet banking transaction without collecting a token which costs N2,200, around that amount sha. I was surprise but when they explained to me that it was for security reasons, i opted in too and was enjoying technology, not knowing i was just being milked little by little, then i misplaced the token. On getting to bank, they said i'll pay the same amount as when i bought it at first, but why should it be Is it not to just renew it? but i had no choice o, i bought it again.
Then the worst came, i bought the token the second time because i wanted to purchase a form online but shockingly, my technological token didn't work ooo,i complained at the GTB Customer Service, they told me nothing is wrong with my account and that it's only network issues. My people, i tried for more than a week but it didn't work, na Interswitch o, the main reason i bought the token was because of this form, but it didn't work,rendering my over 2,000 useless so i had to borrow a friends UBA Account and that one ehn, they just sent a code to the guy's number and that was all.
Secondly, there's a latest one now and it is deducting a certain amount of money at the end of the month and say i'm being charged for Different Customers (SI ACCOUNT), abeg what does that mean? i sent mails to them but they only gave me one yeye reply that my request has been saved with one stupid ID, the only thing i think could cause this is transfers and the funny thing is whenever i do a transfer,they deduct 100 naira and Five naira for what i don't even know about so what am i being charge for at the end of the month, am i paying them salary??
Thirdly, this one happened to me today. I sent an amount of over N20,000 to a friends account but he got just 10,000 from the money and bank has already closed by the time i was informed, it's really sick of them and they even have less experienced customer services.

on this Note, i say GTB IS A FRAUD, SHARE YOUR EXPERIENCES!!! LETS SHOW THEM

Managing Director/CEO of Guaranty Trust Bank plc; Segun Agbaje has emerged the 2016 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 9th annual Ai CEO Investment Summit which took place on the sidelines of the UN General Assembly.



Launched in 2007, the Ai Institutional Investment and Capital Market Awards is the only pan-African Awards designed to recognize Africa’s best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and sovereign wealth and pension fund investors. The investment and business leadership awards aim to reward exceptional business practices, economic achievements and investments across Africa, whilst recognizing the institutions and individuals improving the continent’s investment climate.



According to Hubert Danso, CEO of Africa investor: We are proud to honour a prolific business leader whose contributions across the continent has raised Africa’s profile as a viable international investment destination. In winning this award, GTBank’s CEO, Segun Agbaje, has displayed astute foresight in positioning the GTBank brand at the forefront of the African banking industry by providing alternative approaches to inclusive banking and economic growth across the continent.



Commenting on the award, Segun Agbaje, Managing Director/CEO of GTBank said “I am humbled and happy to be recognized as the 2016 Ai Socially Responsible Investment (SRI) 30 CEO of the year. This award is a reflection of the hard work and dedication of the amazing team of people at GTBank.



He further stated that, “As a Proudly African and Truly International Bank, we will continue to differentiate ourselves by leveraging Africa’s immense opportunities in a way that creates value for all stakeholders.



Under his leadership, Guaranty Trust Bank plc has also received numerous accolades and commendations for exceptional service delivery, innovation, corporate governance, corporate social responsibility and management quality. Some of the accolades received by the Bank since his appointment as Chief Executive Officer include Best Bank in Nigeria by Euromoney; African Bank of the Year by African Banker Award; Best Bank in Nigeria by World Finance UK, Most innovative Bank by EMEA Finance; Best Banking Group by World Business Leader Magazine and Best Bank in Nigeria award by the Banker Awards.

http://www.saharaweeklyng.com/gtbank-md-segun-agbaje-named-ceo-of-the-year-at-2016-africa-investor-awards/

One of Nigeria’s Leading prophet, Joshua Iginla, the general overseer of Champions Royal Assembly, Abuja is making the name Of God proud in the outskirt of Nigeria once again.
He is currently in Zambia for a three-day crusade at the popular Arthur Davies Stadium which started yesterday, Tuesday, October 4th, 2016 and coming to an end on Thursday, 6th of October, 2016.
It was such a huge success for the Man of God as millions of people, from different races trooped in to have a special feel of God under the ministration of Bro Joshua Iginla
Furthermore, It was gathered that the first day of the power-packed programme experienced what could be described as ‘Miraculous wonders’ as a lot of manifestations took place right there which include healing the lame, the sick, deliverance and many more, as monitored by Sahara Weekly.

http://www.saharaweeklyng.com/zambians-throng-stadium-for-prophet-joshua-iginlas-crusade/

Nollywood actor, Abiodun Adebanjo is no doubt one of those actors making waves presently with his versatility, talent and ability to interpret roles excellently and unique from his counterparts.
Meanwhile, he has been through somethings most people don’t know about, all they see is a Looking Good Abiodun Adebanjo but few know about his beginning.
However, we bring you some shocking things you have NEVER heard about the talented actor
· He does English Movies : This is one quality that is scarce in most Yoruba actors today. Hardly will you find a Yoruba actor who also doubles as an English actor. Abbey, as he is fondly called is one person that has proven his versatility with this as he just finished working on an English TV series.
· He was trained by Veteran, Akin Lewis : The name of Akin Lewis in the industry alone causes a stir. He is highly respected and honoured. He is one of those that can be regarded as a pillar behind the growth of Nollywood in Nigeria.
The actor, who has been in the movie industry for over 42 years and became well known when he played the lead role in Madam Dearest, in 2005,. He has also featured in several films, including Tinsel, one of Nigeria’s most popular soap opera on satellite TV.
According to checks by us, we reliably gathered that He trained Abiodun Adebanjo and people even call him his son.
· He is a Musician: This guy is a bunch of a talent. He is one out of millions of actors who was ordained by God to be a mountain mover in this entertainment industry. He actually started music before venturing into Acting and he is planning his Music concert already.
· He is the only son of his Mother: At the mention of this, many would say he is Mummy’s Pet! Well, maybe you are right. He is the only son of his mother and has younger sisters who are twins.
· His parents are Divorced: Everyone knows the havoc a child will face if the parents are divorced or not together. The child will lack parental care, no matter who he or she stays with, the space of parental love will still be empty and the talented actor isn’t an exemption.
This is one of few part of him that is sad. His parents separated when he was at a very tender age so he didn’t really feel the love of parents though he went to the best school and wasn’t lacking anything. He never stayed with them together for a complete year, he stayed with his grandma and later lived with his siblings or friends.
It affected his religion as there was a kind of conflict calling a particular religion as the one he practices and that is why whenever he is asked, he would say he practices both.
We exclusively gathered that whenever he visits his mum, who is a muslim, she won’t allow him to go to church and whenever he visits his Dad who is a Christian, he won’t allow him to go to mosque so he has been through both religion.
· He Once hawked – Waow! This shows the hustle is real. For every glory, there must always be a story to tell.
Due to the fact that his parents weren’t together, he stayed with his grandma in Ibadan and hawked Pure water, Coke when it was still N25 per bottle, Ice water, groundnut, worked in block industry, offload blocks and paid N1 Per one, and so many things out there in the street. This is one reason parents should think twice before breaking up.
· He’s in his early 30s – Many people will find this hard to believe but it is actually the truth. He looks very young and fresh which is quite deceiving. Everyone would believe he is less than 25 but hey!, he is in his early 30s so add some ‘respect’ to his name.
However, to know more about him, add him up on his social media accounts below:
Facebook : Abiodun Adebanjo
Twitter : @Cooldonbii
Instagram : Cooldonbii

http://www.saharaweeklyng.com/revealed-seven-shocking-things-you-dont-know-about-nollywood-actor-abiodun-adebanjo/

Again popular Abuja prophet, Bro. Joshua Iginla has won the heart of Zambians after his prediction of the just concluded presidential election came to pass. Checks revealed that the fiery prophet in January 2016 prophesied that the incumbent president Edgar Lungu would retain his seat as president.

We gathered that it generated a lot of controversies especially when popular prophets across the world especially one from South Africa has chosen the opposition party as winner when the election would hold. Reports revealed that during Iginla’s three days crusade in Zambia On the 5th – 7th of May, 2016

He also declared openly to them that he saw two lions battling each other in the election but the older lion which is Lungu will emerge winner after a stiff competition.

In a Prophecy on December 31, 2015, He said ‘The economy will improve but not as expected. The election in Zambia will be will be like two lions fighting. The president should pray in terms of the election because I see betrayals from his camp and so called faithfuls. But in my vision, I see someone trying to pull him from his seat, yet he remain in the seat’’

Sources from Zambia confirmed to us that all he said about the election which took place on Thursday, 11th of August, 2016 came to pass.



It was a tough time for the Zambians as the battle for the seat of the President was one of a kind, one that has never being experienced.

The battle was between the Leader of Patrotic Front, who is also the sitting President, Edgar Lungu and his opponent, representing United Party for National development, Hakainde Hichilema.

The result of the election was released on Monday, 15th of August, 2016, in favour of President Edgar Lungu, confirming Joshua Iginla’s prophecy.

According to reports, Zambia’s incumbent President Edgar Lungu has been declared the winner of a closely fought presidential election, but the result was immediately challenged by his main opponent Hakainde Hichilema. Lungu, leader of the Patriotic Front (PF), won 50.35 percent of Thursday’s vote, against 47.67 percent for Hichilema, of the United Party for National Development (UPND), the Electoral Commission of Zambia said on Monday. The opposition party quickly, however, rejected the result, claiming the electoral commission had colluded to rig the vote against its candidate, to confirm the prophecy.

Similarly, In 2014, when Zambia President at that time, Michael Sata passed on after suffering from a strange illness, and an election was to be carried out, the Fiery Prophet, Joshua Iginla predicted that Edgar Lungu will be the President of the country whenever the election is carried out, even though Sata’s vice President, Dr Scott was appointed as acting President, Lungu was however appointed as the President after the election was observed

WATCH VIDEOS :


https://www.youtube.com/watch?v=FzWj1wQwDEc





https://www.youtube.com/watch?v=QEVHWwUO160




http://www.saharaweeklyng.com/zambians-hail-pro-joshua-iginla-over-confirmation-of-president-lungu-victory-exclusive-videos-of-prophecy/

John Mikel Obi paid $4000 to free the Olympic football squad after the team was held to ransom by hotel officials in Sao Paulo over bills incurred by additional NFF officials according to reports.



According to the report by African Football, the team is comprised of 25 players-18 players and 7 officials, but extra five officials were added to the team’s hotel roster, and the hotel management insisted the team pay before departing, but instead of the NFF or the Sports Ministry to pay up the bills, Mikel Obi, who is also Team Nigeria’s captain shelled out $4,000 before they were allowed to leave the Sao Paulo hotel to Salvador.



“We just arrived Salvador now (5.20pm Nigerian time) from Sao Paolo. We nearly missed our flight because of unpaid bills in the hotel. The hotel held us to ransom,” a team official told AfricanFootball.com



“The problem is that all the additional officials here in Brazil are the responsibility of the Nigeria Football Federation, who said they will pay for them, but they did not pay for them again.



“The affected officials included the team’s media officer, the team coordinator, the kits manager in charge of players and officials’ kits and the accompanying assistant director technical.



“A call was put across to the honourable minister of youths and sports, he said we should put the bill in the (credit) card but the card didn’t work. They tried and tried but the minister said that only 18 players and seven officials should be captured as regards payment according to the rules of the Olympic Games.



“So, the hotel bills of these other officials, about five of them cost the sum of over $4,000. They held us hostage for more than one hour and we nearly missed our flight. It was Mikel (Obi) who rescued us by paying the money.



“I can tell you honestly speaking that this incident is not the fault of the minister because the minister listed the people to be accommodated which were 18 players and seven officials”

http://www.saharaweeklyng.com/rio-olympics-2016-mikel-obi-rescues-nigeria-dream-vi-team-pays-4000-hotel-debt/

wao...passion....na u go replace ramsey noah and odunlade

Fast-rising Nollywood actor, Abidoun Adebanjo, whose passion and zeal for acting is burning fiercely at the moment can be described as one of the hottest in the industry at the moment.

The handsome actor is one that is multi-talented; he acts so well as much as he sings too.

In an interview with Saharaweekly magazine, he revealed to us how the industry journey has been, the challenges, his role model and many more.

Exceprts below:

Q – My name is Osho Oluwatosin, Can we meet you sir?

R – My names are Abiodun Adebanjo Olorunjuwonloa, I’m an actor.

Q – Can you tell us more about your career?

R – That’s a long story. It’s been very tough and wonderful. So far, I thank God. This is y 6th year in the industry and I’ve been in a lot of movies, I’ve been to all angles in theatre, I’ve sang, I’ve danced, I’ve done stage plays, I’ve done modeling, anything in theatre, I’ve done it.Q – How has it been since you started?

R – Well, it wasn’t so easy because in our industry especially this part of our industry which is the Yoruba part, it’s not been easy and when you are not coming In to produce, you just want to start from the bottom, you have to be very strong, vigilant, hard-working, and very humble and prayerful, that’s it. I’ve actually served a lot of people but the person I actually call my boss is Akin Lewis. I call him my daddy. If anyone asks me, he’ll say I’m his son. I call him my boss because he was the one that believed in me and launched me into the industry.Q – What are you working on presently?

R – Like I said, I’m going into music very soon. I’ve been singing. I’m actually working on releasing 4 tracks at a go and working on my first movie which is going to be a bomb. It’s going to b a multi-million naira movie and I’m planning a concert which will be coming by December. I’ll be inviting some musicians, that is it for now.

Q – Which movie would you say pushed you to timelight?

R – Actually, the movie that made people know me is Omo Oshodi. I received a lot of calls, commendation, lot of jobs started coming in. I’ve been in movies likle Ejo mi ko, Omi, Old soldier, lot of movies.Q – Can you tell us about the movie you want to produce?

R – Wao! You want me to start saying my secret (laughs). The fact is that my movie will be called ‘Gbogbo Wa Lole’. I’m not supposed to be disclosing all this, a lot of people will be loving that title. It’s registered though so nobody can steal it. The title is Gbogbo Wa Lole or can you deny not being a thief?(Laughs)



Q – Over the years, Piracy has been a major complain in the industry, how does piracy affect you?

R – Ahh, that is a big issue. The fact is piracy, I call them vampires. They are blood suckers. Assuming we have legalized gun in Nigeria, I would have shot them because they are killers too. It hasn’t been easy. We actually did an anti-piracy work with the likes of Kunle Afolayan, Adebayo Salami, Yemi Solade, Bimbo Thomas, a lot of stars actually came out. We had a rally from Ikeja Underbridge to Governor’s office to express our plight. I just urge the government to do something about it. I expect them to consider piracy as a murder case, I want the government to consider it as that because they are killing us, you need to know the stress we are actually passing through just to bring out something sensible and at the end of the day, it will be pirated. Some movies even get pirated before it is released. It’s killing, I’m being sincere.Q – You are an actor that is good looking, how do you handle your female fans?

R – Arrgh!! I have a lot of people I see as a mentor especially Akin-Lewis, I’ve learnt a lot of things from him so I do it the way my mentors did it. It’s not been easy, nobody is perfect but I learnt a lot of things from him. I put God first in everything I do, I handle everything that comes my way Godly though it hasn’t been easy. Even when you are not good looking and you are an actor or a celebrity, females will keep coming.

Q – When did you get the urge to become an actor?

R – I’ve been acting since I was 6 years. I love to make people smile. I love it when I’m beside you and I’m able to bring out your 32 set of teeth. I started acting when I was in church then, it was just a stage play and I was asked to act as a prodigal son. It was like an end of the year party and I did it perfectly though I was very stubborn then. I was always called upon in everything that happens in church then so when I grew up, sometimes I would run from lessons and pretend to be sick just to attend rehearsals so I started deriving happiness from it. It started making me happy and it’s what I love. If you want to kill me, just ask me to stop acting, I don’t think I can last a month.

Q – Were your parents supportive?

R – At a point, they weren’t even till now but the fact is when your parents start seeing you in movies and their friends are like ‘See your son, he’s now a big boy oo’, even when they are not supportive, but you are together and they start seeing your movies on Africa Magic or TV stations, at the end of the day, they got laughing at your character in the movie and they were completely lost. It got to a time that they weren’t seeing me as Biodun again, they started calling me by the character I acted so it hasn’t been easy, but we thank God


http://www.saharaweeklyng.com/i-will-die-if-i-dont-act-for-one-month-how-akin-lewis-shot-me-to-limelight-actor-abiodun-adebanjo-reveals/

One of Nigeria’s foremost Prophet,a, J.K Hephzibah AKA Baba Peculiar isn’t in his best moods at the moment as he just lost his loving mother, Muibat Owolabi Ogunjimi Confirmed reports has it that she died at the General hospital, Igando, Lagos after suffering a brief illness.

According to the bereaved Prophet, ‘’ I felt bad but as a pastor i don’t need to feel too bad because death is not a defeat, what matter most is for the person to make heaven at last’’. She was aged 80 years

http://www.saharaweeklyng.com/popular-prophet-j-k-hephzibah-aka-baba-peculiar-loses-mum/

Relief may have come the way of parents, guardian, teachers and proprietors of schools in Nigeria as Sterling Bank Plc launches it’s the Back-To-School Campaign. The campaign is aimed at providing succor for all stakeholders in the sector as schools resume in September.

The primary target for the campaign are the primary and secondary schools (administrators, owners and teachers) while the secondary audience are all primary and secondary school-students and their parents.

Areas covered under the campaign include School financing, Asset Finance, Textbook and Educational Materials Finance for schools; School fees finance for parents; Coding and Robotics Summer Boot Camp for children, Household Equipment finance and Training for teachers to mention a few.

The Bank’s Group Head, Strategy & Finance, Mr. Shina Atilola in a statement made available to reporters at the weekend explained that the school fees financing solution was introduced to provide parents with instant financing for school fees and allow them put their kids in school while awaiting salaries and other receivables.



He explained that under the Bank’s Asset finance scheme, existing and new account holders will qualify for short-term financing against receivables while “Sterling Bank can finance acquisition of Buses, ICT Infrastructure, Interactive Boards and other items the school may wish to purchase in the Back-to-School season under the asset finance scheme”.



The Bank’s chief strategist explained that Schools in the books of the Bank can access finance for a 90-day tenor at very competitive rates compared to the industry benchmark. “This would be an incentive to school owners as surveys have shown that a large number of schools have challenges with payment of salaries and for renovation projects when school fees are not fully received’’, he explained.



Mr. Atilola added that existing and prospective schools can also enjoy free deployment of our Eduportal and Payment Gateway at no cost to the school. The solution, he noted, provides a platform to integrate the payment of school fees, levies and any other school-related payments. The platform also aids record-keeping, and make for seamless day-to-day management of operations in schools.



While the Bank offers schools a quick financing solution to purchase textbooks and learning materials from major Publishing Houses and Bookshops like Learn Africa Plc, Doroena Books and other designated outlets for the school year, Mr. Atilola explained that Schools that open salary accounts for their teachers this season will have their teachers qualify automatically for our the Bank’s Personal Financial Management and other Teacher training programmes (for both local and foreign courses)



Under the Household Equipment Finance, he explained that teachers with salary accounts would qualify for discounted acquisition of household items with flexible payment plans.



He said further: “New and existing I-CAN-SAVE customers who have opened and maintained a balance of N50,000 in their accounts for a minimum 30-day period qualify for freebies and are eligible to Coding School Summer Boot Camp and Robotics Training Schools being organized by Sterling Bank Plc during the holidays”.



Sterling Bank Plc, “the one-customer bank”, is a full-service national commercial bank with an asset base above N800 billion, over 187 business offices and more than 800 ATMs nationwide. In over 55 years of service, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank. Furthermore, with a strong national presence, Sterling Bank is one of the top 30 most capitalized institutions on the Nigerian Stock Exchange. The bank also remains one of Nigeria’s fastest growing banks and is recognized as a dynamic financial services organization.

http://www.saharaweeklyng.com/sterling-bank-launches-back-to-school-campaign/

Popular artiste, JoEl, who is signed to Kennis Music has been through a lot but above all, has made his name and come to stay in the Nigerian music industry.

In an interview with Hip TV, he revealed somethings that no one has ever heard, talking about his success story, how he made it and what he passed through.

The ‘Chukwudi’ crooner revealed that he started music since he was 9-years old when he joined the junior choir in his church and later graduated to the senior choir, hence, he already knew music was his way.

However, he later came to Lagos from Kano to work with celebrities and in 2010, he got signed to Kennis Music.

Talking about sharing same resemblance with Legendary Musician, Tubaba, he revealed that he never had it in mind to look like him but when he was trying to venture into music, he went to his barber and asked him to cut a style he has never done before, even though he didn’t want to do the kind of 2face cut. He later did it but without the mind that he wanted to look like 2face and he didn’t he looks like 2face until he saw his album art.

Furthermore, he revealed that there was a time when he was working at Mr.Biggs, a man just came to him suddenly and asked him to please have a picture with his children, thinking he was 2face. He objected but after the man insisted, he had to take the picture and the man later offered him money though he didn’t accept it.

When asked if looking like Tubaba has been a cause or a blessing, he revealed that it has been both and there was a day he cried bitterly when a guy told him he will never make it because he looks like Tubaba but the story later changed.

http://www.saharaweeklyng.com/how-resembling-tuface-idibia-made-me-cry-bitterly-artiste-joel-reveals/

Talented Nollywood Actress, Princess Elizabeth Onanuga has stepped out with a mind-blowing movie which is set to take the Yoruba movie industry to another level judging by the level of the storyline and the unique interpretation of roles.

The movie, titled ‘Ibironke’ is one movie that needs to be watched by every individual as it relates to everyone, both the young and the old.

It features Veteran actors and actresses among which are Aina Gold, Jaiye Kuti, Bisola Badmus, Yomi Gold and was directed by talented Shonde Afolabi.

Princess Onanuga has over the years portrayed her passion to take the movie industry to another level, looking at the numerous films she has produced and the ones she has featured in.

She is the producer of Hadiza, Omo London, Boss Lady, to mention a few.

WATCH THE TRAILER:


https://www.youtube.com/watch?v=WZw_S3myNqM

As manufacturing businesses in Nigeria contend with various economic, political and social uncertainties, the British Prime Minister’s Trade Envoy to Nigeria, Hon. John Howell, has urged them to stay the course and maximize the scale of the opportunities that abound in the country.

Howell made this call during a courtesy visit to Guinness Nigeria Plc’s Ogba brewery, Ikeja, Lagos over the week. The visit, which bolsters Guinness Nigeria’s position as a preeminent Nigerian company with roots in the United Kingdom, demonstrates a firm belief in the Nigerian business by the British government.

Speaking after his 4-day tour of the country, Howell, filled with admiration, noted that, “I have been very impressed with the energy that I have seen in this country, particularly in and around Lagos. The way forward is to channel these creative energies in a positive way for the benefit of the country. I have also been impressed by the size of the opportunities and the scale of the ambitions here, they are very absolutely fantastic.”

The British trade envoy commended Guinness Nigeria for being an exemplar of possibilities and driving an innovative culture in the Nigerian business environment.

“The experience that I have had during my tour of the facilities at Guinness Nigeria and listening to the presentation by its key management has shown me how things can be done efficiently. Guinness is a thriving business that is responding to the market with lots of innovation and I think that is the secret to winning in the Nigerian market,” Howell enthused.

In his remarks, the Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Peter Ndegwa, expressed the company’s delight at the visit which he said had afforded the company a platform to showcase its strategic commitment to the economic development of Nigeria.

Ndegwa noted that in the course of the company’s sixty –six years as an incorporated company in Nigeria, it has developed a strong reputation for supporting Nigeria’s developmental aspiration, maintained a strong focus on impactful projects across its host communities, be it in the area of health, water provision, environmental protection and road safety and profiled as the largest British company listed on the Nigerian Stock Exchange.

“Our commitment to quality is visible via our people, products and processes. We remain strongly committed to strengthening the country’s manufacturing base, employment creation, manpower development and fuelling overall economic growth by strengthening our business through significant investments in manufacturing processes, driving local content development via our target to source over 80% of our raw materials locally in the coming years, and continued product innovation and cutting-edge technology,” Ndegwa said.

http://www.saharaweeklyng.com/maximize-opportunities-that-abound-in-nigeria-uk-trade-envoy-urges-business-leaders/

Kennedy Uzoka monday resumed as the Group Managing Director and Chief Executive Officer of the United Bank for Africa (UBA) Plc.

He took the mantle of leadership from Phillips Oduoza, who retired as Group Managing Director and CEO on July 31, 2016 after completing two terms of three years each.

Until his resumption as the new GMD/CEO of UBA, Uzoka was the Deputy Managing Deputy of UBA, a position he held in the last six years, working closely with the former GMD/CEO.

His appointment as the new GMD is seen as a testimony to the strength of the bank’s succession planning process.
“Kennedy Uzoka’s appointment has once again proven the resilience of our succession planning process and the value we place on having in place a strong corporate governance system,” said Tony Elumelu, Chairman, UBA.

Uzoka comes well prepared for his new position. He has been leading the transformation agenda of the Bank, since returning from Harvard Business School.

Uzoka has over two and half decades of experience in commercial banking, strategy and business transformation.

Prior to his sabbatical at Harvard, Uzoka served as Deputy Managing Director, UBA Group and was also the CEO of UBA Africa, responsible for the group’s operations in 18 countries across Africa.
A multiple award winner, Uzoka, has also supervised other key areas in the bank including e-banking and information technology in its New York and London offices in addition to strategic support groups such as human resources, legal advisory services, procurement and vendor management, corporate relations and marketing, among others.

As a well-rounded banker, Uzoka has had direct and oversight supervision of critical business functions like Group Treasury and International Financial Institutions and Transaction Banking, Pensions Custodian, Consumer Banking and Cash Management.

He was at various times Head, Strategy and Business Transformation; Regional Bank Head, South Bank covering 17 states in Southern part of Nigeria; Regional-Director South-east, Vice President Northern Nigeria, Chief Marketing Officer, Federal Capital Territory (FCT), Chief Marketing Officer, Lagos, and Managing Executive Officer respectively.

“Uzoka brings an extremely strong skill set and a wealth of financial services experience that will help the bank execute the next phase of its growth strategy. I have no doubt that he has the expertise and depth of business experience to ensure that the bank is best positioned to deliver on its strategic aspirations to be the most respected and trusted African financial brand globally,” Elumelu said.

Addressing staff in a video podcast on his first day as GMD/CEO, Uzoka called for support from his management staff and colleagues to grow the UBA brand which he described as strong, recognisable and trusted across Africa.

He promised to build a bank based on a strong foundation of customer service.
“We will stay close to our customers and do everything possible to serve them properly. Our customers will be the beginning, the middle and the end of our strategy,” he stated.
UBA is one of Africa’s leading banking groups with operations in 19 African countries and offices in three global financial centres: London, Paris and New York.

From a single country operation in Nigeria, Africa’s largest economy, UBA has evolved into a pan-African provider of banking and related financial services, to more than 11 million customers, through over 1,000 business offices and diverse channels globally.

http://www.saharaweeklyng.com/kennedy-uzoka-resumes-as-gmdceo-uba/

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said the largest single line refinery in the world being developed at the Lekki Free Trade Zone (LFTZ) by Africa’s richest man and business mogul, Alhaji Aliko Dangote is another confirmation that Lagos is a prime investment destination, saying that the project will positively change the face of oil and gas business in the West African region.

A statement made available to DAYLIGHT.NG stated that Ambode spoke at the LFTZ during an extensive inspection tour of the Dangote Refinery by the Togolese President, Mr Faure Gnassingbe. Ambode said the refinery eloquently attests to the fact that there is a positive investment climate in Lagos which has resulted in massive investor confidence.

The Governor said: “This investment (Dangote Refinery) is one of the biggest in Africa today and will have a huge impact on the economy of not only Nigeria but the whole of West African region.

“This refinery, when completed, will be the largest single line refinery anywhere in the world refining 650,000 barrels of crude oil daily.

“Apart from creating jobs, this refinery will contribute immensely to solving the fuel supply challenge in the West African region,” Governor Ambode said.

The Governor expressed satisfaction with the level of work done on the project so far, saying that he was happy that a lot of progress had been made.

He commended Dangote for his vision, doggedness and unwavering desire to contribute positively to the growth of the Nigerian economy, as well as his confidence in the Lagos economy.

Governor Ambode said aside the fact that the project confirmed the positive investment climate in Lagos which has resulted in massive investor confidence, he also strongly believes that the future prosperity of West Africa is in collaboration between government and investors, which was why his administration has been working hard to encourage investment in the State.

He reiterated that Lagos is home to all nations, races and creeds, including substantial Togolese population, adding: “I’m positive that we are providing them with the opportunities to get ahead in their endeavors.”

Governor Ambode said as a prominent Head of State in the West African region, he was not oblivious of the interest of President Gnassingbe in the Dangote Refinery, adding that the project was one of the emerging opportunities in Lagos State.

While inviting Togolese investors to take advantage of the positive investment climate in Lagos, Governor Ambode said the State is open for businesses, and that his administration, in a bid to encourage investment, had massively invested in infrastructure and security of lives and property.

“Lagos is open for business. We are open to collaboration with the Togolese Government and investors to move our two countries forward.

“Our government is investing massively in creating infrastructure which will support businesses and individuals. We have made huge investment in security and we will continue to ensure that the lives and property of all citizens are secured.

“We will remain partner in progress with all our investors. Our desire is for investors to invest in Lagos, grow their businesses, create wealth and jobs for our people and ultimately grow our Gross Domestic Product (GDP) positively,” Governor Ambode said.

Earlier, Nigeria’s Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah said the Dangote Refinery project could best be described as a partnership between private sector and government at its best.

Enelamah commended Dangote for being not only Nigerian champion but champion of Africa with his massive investments and re-investments, which according to him, are creating jobs and growing the economy.

“We need champions and Dangote is a Nigerian champion; he is an African champion; he is also a role model.

“We need many examples and with the repositioning that the Federal Government is doing, we are going to see many more examples,” Enelamah said.

On his part, Dangote commended President Gnassingbe for finding out time to inspect the refinery, adding that he was happy with the interest and encouragement being received over the project.

Apart from the refinery, there is also petrochemical, fertilizer and gas plant with daily production capacity of three billion cubic feet of gas which are being developed by the Dangote Group, all in one location.

Some eminent dignitaries that participated at the tour include former governors of Ogun, Ekiti and Cross River States, Segun Osoba, Niyi Adebayo and Donald Duke respectively; billionaire businessman and Chairman, Zenon Petroleum and Gas Limited, Femi Otedola, members of the Lagos State Executive Council, among others.

http://www.saharaweeklyng.com/dangote-refinery-will-solve-fuel-challenge-in-wafrica-create-jobs-ambode/

Nollywood Actress, Princess Onanuga who is gathering momentum with her Popular Movie, Hadiza, is set to hit your TV screen soonest as she is currently working on something bigger than what she has done in the past.
She is working on a Movie tittled ‘Boss Lady’ which has a lot of stars on parade.It’s no doubt a must watch movie for everyone as soon as it is released.
The Movie has the likes of Funsho Adeolu, Toyin Adewale, Mide Martins, Tunde Owokoniran, Adeniyi Johnson, Leye Adeshile, Bukola Adeeyo, and the Boss Lady herself, Princess Onanuga on set, shot by Talented Movie Director, Titi Jeje and to be marketed by GeeBee films
The Producer, Princess expressed her joy working on this project and urged fans to keep their fingers crossed as it is surely going to be explosive whenever it is out.
Speaking with the marketer, Adeniyi Omogbolahan, CEO of GeeBee films, he revealed that the movie is a good one and urged everyone to watch the movie once it’s out as it is a very interesting one.
It was shot in Lekki and Ajah axis, Lagos state
For more info, follow the ‘Boss Lady’ on Instagram @PrincessOnanuga

He needs no introduction because his exploits in the Nigerian banking sector have earned him a name that is firmly entrenched in the public consciousness. Herbert Wigwe is one of the pioneers of modern banking in Nigeria and a business leader reputed for his commitment to solving some of Africa’s problems. For Herbert, leadership is a platform that must be leveraged to meet societal needs and instigate change.

He is currently in his 3rd year as the Group Managing Director of Access Bank; one of the continent’s most formidable financial institutions; and his leadership style has stirred conversations amongst analysts and opinion leaders. Although not unknown for exemplary conducts, but the centrality of leadership to the success and sustainability compelled a second look at what constitutes leadership, which manifestly has boosted Access Bank’s fortunes.

Historically, Access Bank is a financial institution with several bragging rights and rich heritage. From its little beginning as a mid-sized commercial bank with an industry ranking of 65th position out of the 69 banks operating in Nigeria then, the bank grew under the watch of Herbert Wigwe and his predecessor, Aigboje Aig-Imoukhuede, to become a financial powerhouse with the capacity to affect the African economy and positively influence human lives.

Under Herbert Wigwe, Access Bank’s character has changed and its sphere of influence expanded. The bank has attained a status that enables it to offer more than banking services, to change developmental agenda and instigate social change. In explaining this role, Herbert Wigwe, who recently received the award for Outstanding Business Sustainability at the 2016 Karlsruhe Sustainable Finance Award in Germany on behalf of the bank for holistically embedding sustainability across its operations said, “ Access Bank operations and activities at this time is a reflection of the vision of its founding fathers. Like my predecessor, I have a duty to steer the affairs of this bank in a manner that promotes societal good and interest. Our business model encourages us to become that catalyst for the change Africa seeks”.

While the bank’s operations have continued to attract international commendations and awards, such as the 2016 ‘Africa’s best Bank Transformation’ in the Euromoney 2016Awards for Excellence, Herbert Wigwe is affecting lives with his resources. Through his personal foundation, the HOW Foundation, the accomplished business leader, recently conducted malaria test on and donated mosquito nets to 1,000 people in Otuokpo, River State.

As the founder of the HOW foundation, Herbert Wigwe believes that the platforms will provide him an veritable opportunity to intervene in societal problems as an individual who is concerned about social wellbeing. With the HOW Foundation, Herbert Wigwe intends to give a new lease to orphaned and vulnerable children in the society. He thinks that with adequate love and support, his foundation will unlock the potentials of these children and and lead them to the points accomplishments.

http://www.saharaweeklyng.com/herbert-wigwe-leadership-defined-by-vision-and-values/

Again popular Abuja prophet and shepherd in charge of Champions Royal Assembly, Bro. Joshua Iginla has enjoined everybody to pray for Benue State.

The fiery clergy during the prophetic Sunday service today inside his 80,000 seater City of wonders at Kubwa in Abuja predicted that he saw demonic people piling up sophisticated weapons in caves , mountains and valleys in Benue State and covering it with green leaves with the intention of attacking the state which might result in declaration of state of emergency .

According to Iginla Benue State needs serious prayers over terrorist attack which will be disastrous and enjoined his members to pray aggressively for the state.

http://www.saharaweeklyng.com/bro-joshua-iginlas-shocking-prophecy-for-benue-state-today/

Oshoboy01:
The 2016 crusade in korea with Pro. T B Joshua which began yesterday commenced with outstanding miracles, healing and deliverance and several thousands flooded the Korean stadium.

Sahara weekly’s check revealed that the day 1 of the two day crusade was a huge success as thousands thronged the venue for a touch of tGid through the man of God. Televised live , many watched in astonishment as cripples walked, blind saw and many delivered at the touch of prophet Joshua. Interestingly the healings were instantaneous which brought tears of joy to the faces of many.

http://www.saharaweeklyng.com/strange-miracles-as-thousands-thronged-day-1-of-tb-joshua-crusade-in-korea-photos/

More Pics:

The 2016 crusade in korea with Pro. T B Joshua which began yesterday commenced with outstanding miracles, healing and deliverance and several thousands flooded the Korean stadium.

Sahara weekly’s check revealed that the day 1 of the two day crusade was a huge success as thousands thronged the venue for a touch of tGid through the man of God. Televised live , many watched in astonishment as cripples walked, blind saw and many delivered at the touch of prophet Joshua. Interestingly the healings were instantaneous which brought tears of joy to the faces of many.

http://www.saharaweeklyng.com/strange-miracles-as-thousands-thronged-day-1-of-tb-joshua-crusade-in-korea-photos/

In a bid to give a its staff a balanced lifestyle, Access Bank Plc, has set up the Access Recreation Centre, ARC, for the mental and physical wellbeing of its staff. The centre, which has a state of the art eating cafeteria for staff, a Standard Gym where staff are encouraged to carry out daily routines of exercise for no fee with the help of a gym instructor on hand for physical training.

Aside this, the bank also engaged a Zumba instructor who takes dance fitness classes. In 2013 when Herbert Wigwe assumed the position of the Group Managing Director of Access Bank Plc, he placed a premium importance on the mental and physical wellbeing of its resources with the decision to set up the Access Recreation Centre, ARC. To further support its staff and family life, the bank under the Herbert Wigwe leadership saw to the establishment of a creche for staff babies between the ages of three months old to one year.

A gesture and obvious demonstration of total commitment and care by the organisation to its staff especially those with tender and young children. No doubt the impact of this investment would not only help the staff better balance their personal life matters, it will also impact on the Bank’s performance. Indeed, one can confidently infer that motivation and staff welfare investments are contributing factors to organization growth and performance.

Aside the social welfare plans, the Bank places a huge premium on training and retraining so as to increase knowledge base, maintain standard practice and also keep up with global business trend. In driving this, the Bank has sustained its yearly scheme of middle management cadre training at the Wharton Business School- a laudable and valuable investment indeed.

These policies, programmes and much more either initiated or sustained by Herbert Wigwe have brought about a highly motivated and committed workforce delivering a consistently impressive business performance year on year. In 2015, the bank improved efficiency in driving profitability by a 38 per cent increase in gross earnings, from N245.5 billion in 2014 to N337. 4billion with Interest income and non-interest income contributing 62 per cent and 38 per cent, respectively to the gross earnings. Commendable performance was recorded in the Non-interest income jumping by 89 per cent to N129.450 billion from N68.429 billion.

Profit Before Tax (PBT) grew by 44 per cent from N52 billion in 2014 to N75 in 2015 Profit After Tax (PAT) which was up 53 per cent from N43.1 billion to N65.9 billion. Whilst Return On Average Equity (ROAE) improved from 16.5 per cent in 2014 to 20.4 per cent in FY 2015, indicative of the bank’s commitment to maximising shareholder returns. No doubt Access Bank is the pride and toast of the financial sector and Herbert Wigwe, as the natural Guru of the banking industry.


http://www.saharaweeklyng.com/access-bank-establishes-recreation-centre/

We read with surprise the premise of Senator Dino Melaye’s attack to the reaction of Senator Ajayi Boroffice to the former’s unsenatorial behavior on the floor of Senate chamber.

He completely ignored the substance of Sen Boroffice’s concern and was pursuing the shadow. The disgraceful behaviour of Dino which was unbecoming of a Senator of the Federal of Nigeria is nothing but shameful.

His unwarranted attack on Senator Oluremi Tinubu was published by many of the Nigerian dailies so it is dumb of anyone to say that Sen Boroffice could not have known what happened because he was not in the chambers when Dino exhibited his bestial behaviour that is encoded in his DNA.



His antecedent in the House of Representative is indicative of the trajectory of his capability for perfidy .His promiscuous fantasy for women is not a surprise because it is characteristic of wife beaters which is his speciality. Dino should go and analyze the attendance Register at Senate sessions and tell Nigerians again the number of days the Senate sat in the last two months and how many times Sen Boroffice was absent.



One cannot but conclude that Sen Melaye’s behavior is not within the realm of sanity, honour and dignity.

We concur with Nigerians on their verdict on Dino’s unbridled rascality. It unfortunate that we have a faulty political system that spurns the likes of Melaye that have downgraded parliamentary behaviour to the level of student activism .

We salute the courage of Senator Oluremi Tinubu in standing up to Dino’s intimidation exuberance .

SIGNED:



Coordinator, Hon. Aturu Olusola.

Secretary, Prince Dayo Bello.

For

Forum for Actualization of Real Democracy (FARD).
‎

http://www.saharaweeklyng.com/fard-lashes-melaye-over-comment-on-boroffice/

Barely a week after winning the 2016 Euromoney “Best Bank Transformation” Award in London, Access Bank Plc has just received the award for the “Outstanding Business Sustainability” in the 2016 Karlsruhe Sustainable Finance Awards in Germany. This award, presented to the Bank in Karlsruhe, Germany’s most sustainable city, recognizes the Bank’s outstanding success in incorporating economic, social and environmental aspects into its corporate strategy and business processes.

The prestigious award was conferred to Access Bank, the first African financial institution to win the award in recognition of the Bank’s ability to holistically embed sustainability across the financial institution.The award ceremony was attended by Global CEOs, senior executives of winning institutions and top German government officials

Speaking at the presentation ceremony Herbert Wigwe, Group Managing Director/CEO of the Bank said, “Winning the Outstanding Business Sustainability Achievement Award is a validation of Access Bank’s commitment, leadership and practice in Sustainability. For this, I would like to thank the Board, Management and Staff of the Bank. We are delighted to be presented with this highly coveted award. It is a testimonial to the unwavering support we have enjoyed from customers over the past few years and the hard work we have done in line with our five-year strategy to become the world’s most respected African Bank ’’

“At Access Bank, we believe our operations, loan and project finance must have the barest environmental footprint. Indeed, we believe the net impact of our activities must be positive on the environment. As such, we are champions of climate change mitigation and adaptation” he added. He assured that the Bank will be further motivated and maintain profitable growth while embracing sustainability.

The conveners said the 2016 awards focused on honouring organizations that have made outstanding contributions in the field of sustainable finance, stimulated the interests of financial institutions and other stakeholders in integrating sustainability in their core business strategy. It also recognises candidates who promote growth of sustainable financial instruments and markets worldwide particularly in the fields of green finance and investments, financial inclusion and social finance, green equity and holistic integration of sustainability in the financial services institutions.

http://www.saharaweeklyng.com/access-bank-emerges-1st-african-bank-to-win-karlsruhe-sustainability-award/

France in recent times has been a nation that has suffered from series of terror attacks killing lot of innocent citizens but this latest one seems to be very sad and terrific as it happened on Bastille day celebration which was supposed to be fun-filled, but turned out to end on a sour note due to the tragedy.

However, checks by Sahara Weekly revealed that Fiery Abuja-based Prophet, Joshua Iginla has warned France about the attack on two occasions and also prayed for them but it seems they failed to implement security measures, which could have possibly avert the attack. In his words, ‘France should pray.

The lord was showing that there are about 247 dangerous sects who have been indoctrinated from Syria, ISIS, that have infiltrated into France. They are going to have another coordinated attack just as it happened last year and this time it might be worse than the first and I see this happening in that very month which God didn’t show me but I see between a date of 7-10 or 17-22.’ He further asked his church members to pray for the nation of France

VIDEO LINK:



https://www.youtube.com/watch?v=i4Gf7AexITk





https://www.youtube.com/watch?v=jZvtQJHdPI8

Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency.

Fitch revised the Outlook on the Bank’s Long term Issuer Default Rating (IDR) from Negative to Stable citing the Bank’s continuing strong earnings, and stronger-than-expected liquidity as the reasons for the revised outlook.

Fitch Ratings also affirmed GTBank plc’s Long-term Issuer Default Rating (IDR) at ‘B+‘ with a Stable Outlook and Short-term IDR at ‘B’. In addition, the agency affirmed the Bank’s Viability Rating (VR) at ‘b+‘, Support Rating (SR) at ‘4’ andGTB Finance BV’s senior notes, guaranteed by Guaranty Trust Bank: affirmed at ‘B+’/’RR4’

Fitch revised the Bank’s Support Rating Floor (SRF) to ‘B’ from ‘B+’ as a result of the Sovereign’s weak foreign currency position.

The IDR rating and outlook reflects Fitch’s opinion of the Bank’s relative ability to meet its financial commitments and the Bank’s rating of B+ remains the highest credit rating in the industry. The Viability Rating (VR) which is a component of the IDR measures the Bank’s intrinsic credit quality and capacity to maintain ongoing operations and to avoid failure.

Fitch affirmation of the Bank’s VR shows that despite the tough operating environment, GTBank’s strong and stable financial metrics as indicated by its profitability track record, healthy liquidity state, strong asset quality and capital ratios, have continued to impact positively on the Bank’s VR rating of b+ which remains the highest in the industry.

The Bank’s Long and Short term National Rating remain affirmed at AA- and F1+ respectively, also the best in the industry. This rating denotes expectations of very low default risk and strongest capacity for timely payment of financial commitments relative to other issuers or obligation in the country. The F1+ rating also denotes a particularly strong liquidity profile.

GTBank’s VR, SR, IDRs, National and Senior Debt ratings reflect the Bank’s strong earning potential, excellent management strategy and corporate governance, solid track record in managing credit risk, strong liquidity management and sound capital ratios.

The Bank will continue to improve its financial profile and strengthen its risk management capabilities to improve its overall creditworthiness.



To read the complete report from FitchRatings, please visit https://www.fitchratings.com/site/pressrelease?id=1008727


http://www.saharaweeklyng.com/fitch-affirms-gtbanks-rating-at-b-with-stable-outlook/