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Four Nigerian banks among top 500 globally

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A new report has listed First Bank of 
Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank and Access Bank 
Plc among the top 500 banks in the world.</div>
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The United Kingdom-based magazine owned by the <i>Financial Times, The Banker, </i>and <i>Brand Finance</i>
 in London, in their annual 2015 top 500 banking brands, also ranked 
First Bank of Nigeria as the number one banking brand in the country for
 the fourth consecutive time.</div>
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According to a statement by the Country 
Representative of the magazine in Nigeria, Mr. Kunle Ogedengbe, First 
Bank moves from being number 382 in 2014 to 336 this year.</div>
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Zenith Bank moved from 453 in 2014 to 
388th position; Guaranty Trust Bank from 422 to 417; while Access Bank 
made its first entry into the ranking.</div>
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The brand value of First Bank has 
increased to $300m this year from $228 in 2014. According to the 
Economics Editor of the magazine, Silvia Pavoni, the brand value is “the
 licensing rate that a third-party would need to pay to use that 
company’s brand.”</div>
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Pavoni also commented on the methodology 
of the ranking, noting the Brand Finance obtained brand-specific 
financial and revenue data; modelled the market to identify the demand 
and the position of individual bank in the context of all other market 
competitors; established the royalty rate for each bank; calculated the 
discount rate specific to each bank, taking account of its size, 
geographical presence, reputation, gearing and brand rating and 
discounted future royalty stream (explicit forecast and perpetuity 
periods) to a net present value which is the brand value.</div>
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This approach, the Economics Editor said,
 “is used for two reasons: it is favoured by tax authorities and the 
courts because it calculates brand values by reference to documented 
third-party transactions and it can be done based on publicly available 
financial information.”</div>
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Wells Fargo of the United States, the 
report stated, retained the number one banking brand in the world for 
the third consecutive year and was followed by banks in China, the 
United Kingdom and Spain in the first 10. Wells Fargo’s brand value for 
2015 was put at $34.9bn as against $30.2bn in 2014, whach showed an 
increase of $4.7bn.</div>
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<b><i>C</i></b><a href="mailto:editor@punchng.com"><b>om</b></a></div>
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Four Nigerian banks among top 500 globally

A new report has listed First Bank of Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank and Access Bank Plc among the top 500 banks in the world. The United Kingdom-based magazine owned by the …

03 Feb 2015

I cried when I left Arsenal for Barca – Henry

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Thierry Henry admits he cried when he 
left Arsenal in 2007 and has revealed he was initially considered to be 
Barcelona’s fourth-choice striker by Pep Guardiola.</div>
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According to <em>Goal,</em> Henry, who 
announced his retirement in December, helped guide Arsenal to two 
Premier League titles and three FA Cup trophies, while he also remains 
the club’s record scorer with 228 goals.</div>
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“I never considered leaving Arsenal.” Henry told <em>beIN Sports</em>. “But I was 29 years old and in form, I thought all the guys left and I did not know if Arsene (Wenger) would be staying.</div>
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“It was not easy and when I left I cried. I’m not ashamed to say it. I’m a competitor and I had to leave.”</div>
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Henry joined Barcelona in a €21.3 million deal in June 2007 but insists he had to force his way into Guardiola’s plans.</div>
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“When I arrived at Barcelona, Guardiola 
told me that I was the fourth-choice striker and I would not be 
starter,” said the Frenchman.</div>
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“I accepted the challenge and I fought, 
and competition makes you increase your level. People talk about luck, 
but you need to create your own. When you work, you get the reward at 
the end.”</div>
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Henry also revealed the extent of his 
struggles at Juventus, which prompted his move to Arsenal in 1999 after 
just 19 appearances for the Serie A club.</div>
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I cried when I left Arsenal for Barca – Henry

Thierry Henry admits he cried when he left Arsenal in 2007 and has revealed he was initially considered to be Barcelona’s fourth-choice striker by Pep Guardiola. According to Goal, Henry, who anno…

03 Feb 2015

Homemade bomb explodes in Cairo, airport placed on alert

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<br />Cairo airport authorities 
tightened security after finding two bombs near the arrivals hall and a 
homemade explosive device exploded in the centre of the Egyptian capital
 on Tuesday, security officials said.<br />

The target of the blast near a busy square in downtown Cairo was not 
immediately clear. Two people were lightly wounded, security sources 
said.<br />

“A relatively small homemade device was detonated not long ago in 
Talaat Harb Square, which is one of the key central squares in the 
middle of the city. It was detonated just on a side road off of that 
square,” FRANCE 24’s correspondent in Cairo, Tom Stevenson, reported. “<br />

“According to the Health Ministry there were no casualties, which 
gels well with what we know about the nature of the device. So it looks 
like something that has certainly caused a lot of fuss and a lot of 
fear, but hasn’t caused any deaths and certainly wouldn’t be bringing 
down a building,” Stevenson added.<br />

The bombs at the airport were detected with electronic devices in the
 early hours of Tuesday morning. Airport security officials were 
reviewing video footage to try and determine who planted the bombs, 
security sources said.<br />

There has been no immediate claim of responsibility for either incident, according to Stevenson.<br />

Islamist militants seeking to topple the government have carried out 
numerous bomb attacks on soldiers and police since the army toppled 
president<a href="http://www.france24.com/en/tag/mohammed-morsi/" target="_blank">Mohammed Morsi</a> of the <a href="http://www.france24.com/en/tag/muslim-brotherhood/" target="_blank">Muslim Brotherhood</a> in July of 2013.<br />

Last week, Islamic State’s Egyptian affiliate claimed responsibility 
for coordinated attacks in the Sinai Peninsula which killed more than 30
 security personnel.<br />

<a href="http://www.france24.com/en/tag/egypt/" target="_blank">Egypt </a>has
 been trying to project an image of stability ahead of an investment 
conference in the resort of Sharm el-Sheikh in March that the government
 hopes will generate ventures worth billions of dollars.<br />

The bulk of attacks on security forces have occurred in the Sinai, 
which borders Israel and the Gaza Strip, but the insurgency has spread 
to other parts of Egypt, a US ally.<br />

Over the past year, police have frequently discovered homemade bombs planted near their vehicles and in public places in Cairo.<br />

Political turmoil and militant violence after the 2011 uprising that 
toppled autocrat Hosni Mubarak have hammered tourism, a pillar of the 
economy.<br />

President <a href="http://www.france24.com/en/tag/abdel-fattah-al-sisi/" target="_blank">Abdel Fattah al-Sisi</a>,
 who as army chief toppled Morsi and then launched a security crackdown 
on Islamists, says Egypt is fighting a long, hard war against terrorism.<br />

The state makes no distinction between the Sinai-based militants who 
have pledged allegiance to the Islamic State group and the Brotherhood, 
which says it is committed to peaceful activism.<br />
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Homemade bomb explodes in Cairo, airport placed on alert

Cairo airport authorities tightened security after finding two bombs near the arrivals hall and a homemade explosive device exploded in the centre of the Egyptian capital on Tuesday, security offi…

03 Feb 2015

Alaafin Of Oyo & Wife Test Motorcycles They Donated To APC

Alaafin Of Oyo & Wife Test Motorcycles They Donated To APC

The Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III & his beautiful wives donated 20 motorbikes to APC. check it out …

03 Feb 2015