07

May

Sterling Bank’s Dividend Payment Has Been Approved By Its Shareholders

Sterling Bank Plc shareholders approved resolutions for the payment of a five kobo per share dividend for the fiscal year 2020. The approval was given at the bank’s 59th annual general meeting, which was held by proxy in Lagos and streamed live through digital channels on Thursday, according to a statement titled “FY 2020: Shareholders commend Sterling Bank’s improved performance.” In a difficult year, Sterling Bank’s Chairman of the Board of Directors, Mr Asue Ighodalo, said the bank concentrated on the continued strategic growth of its core pillars – digitisation, agility, and specialisation. “Despite the harsh economic environment triggered by […]

06

May

Bank Directors Want The Sector’s Corporate Governance To Be Better

Mrs Osaretin Demuren, President of the Bank Directors Association of Nigeria, has urged bank directors to improve their corporate governance practices in order to ensure the banking sector’s stability and transparency. On Wednesday, she said this at BDAN’s 24th annual general meeting in Lagos. It is important, she believes, to ensure that director appointments are duly accepted and that only eligible applicants are selected. “Bank directors should be trained in corporate governance. “You have to find out on what basis you’re hiring directors, and not everyone is corporate governance-compliant,” she said. “We have progressed beyond banking to the point where[…]

05

May

The AFDB And The IFAD Have Teamed Up To Support Africa’s Food Security

To combat growing hunger on the continent, the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the Forum for Agricultural Research in Africa (FARA), and the CGIAR System Organisation have formed an alliance. The effects of climate change, growing fragility, war, and locust invasions in east and southern Africa are taking a toll on the continent’s effort to combat food insecurity, the group observed during a two-day high-level discussion centered on modernising food production. Governments, development partners, and the private sector will all need to work together to find solutions. Government officials, heads of multilateral development banks,[…]