Brand & Business

Wema Bank Announces Top 3 Contestants in Sounds of ALAT Competition

L-R: Sounds of ALAT Judges, Alpha Ojini, Cobhams Asuquo, Head, Brand and Marketing Communications, Wema Bank, Mabel Adeteye; MD/CEO, Wema Bank, Moruf Oseni, Sounds of ALAT, Judge Omawuni Megbele, Executive Director, Retail and Digital Business Directorate, Wema Bank, Tunde Mabawonku and Sounds of ALAT, Judge DJ Sose at the unveiling of the Top 3 participants of the Sounds of ALAT competition, held at Wema Bank… []

Sterling Bank’s Spectacular 2022 Crowned With 29% Net Profit Growth

One of Africa’s fastest growing companies and Nigeria’s leading commercial bank, Sterling Bank, has reported a growth of 28.5 percent in its profit after tax for 2022. The bank’s profits grew to N 19.3 billion for the year ended 31 December 2022 in comparison to N15 billion as reported by the bank for the end of the 2021 financial year. This was contained in the… []

Wema Bank Launches Upgraded ALAT for Business Digital Banking App.

Wema Bank, Nigeria’s leading innovative bank, has launched the upgraded version of its corporate digital banking application, ALAT for Business 2.0. The launch took place on May 3rd, 2023, during the bank’s Digital Week activities themed “Changing The Digital Dynamics In Nigeria” in celebration of the bank’s anniversary. During the virtual event, Samuel Robson, the Product Owner, expressed his excitement to announce the launch of… []

Wema Bank Floats ALAT Alumni Community

Wema Bank, one of Nigeria’s leading financial institutions, has announced the launch of the ALAT Alumni community, virtual community exclusively designed for former employees of the bank. The announcement was made during a virtual launch session on May 1st, which had over 350 former employees in attendance. The platform provides former employees with a platform to connect, network, and grow both personally and professionally. Members… []

Zenith Bank Fetes Shareholders With Unprecedented Dividend Payout Of N100.47 Billion

Founder and Chairman of Zenith Bank Plc, Dr. Jim Ovia, CFR, flanked by the Group Managing Director/Chief Executive of Zenith Bank, Dr. Ebenezer Onyeagwu (Left) and the Company Secretary, Mr. Micheal Otu (Right) during the bank’s 32nd Annual General Meeting (AGM) held virtually from the Civic Centre, Victoria Island, Lagos, yesterday. At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the… []

Wema Bank Collaborates With Karis And Eleos Hope Foundation To Commemorate World Malaria Day 2023

– Moruf Oseni, MD/CEO Wema Bank The World Health Organization reports that the highest incidents of malaria outbreaks and deaths are recorded in Africa with over 234 million cases and more than 593,000 deaths in 2021 alone. The report further states that nearly 80% of malaria deaths in the African Region in 2021 were among children under the age of 5. This has led to… []

World Earth Day 2023: Renowned Environmentalist, Desmond Majekodumi Commends Unity Bank’s Sustainability Strides

Unity Bank Plc has received commendation from one of Nigeria’s foremost environmentalists, Mr. Desmond Majekodunmi for its consistent environmental sustainability initiatives and programmes aimed at protecting the planet earth. Mr. Majekodunmi, who is the founder of Lufasi Nature Park, Lagos – Nigeria’s only urban forest reserve – gave the commendation at the Bank’s Beach Cleaning and Tree Planting exercise held to commemorate the World Earth… []

Economist: Dangote Urges African Countries to Dismantle Trade Barriers to Sustain Growth, Overall Devt

(L-R): Group Executive Director/Group Chief Risk Officer, Dangote Industries Limited, Dr Adenike Fajemirokun; Lagos State Deputy Governor, Dr Kadri Obafemi Hamzat and Regional Executive/Managing Director, Ecobank Nigeria Limited, Bolaji Lawal at the launch of “The World Ahead 2023” a special publication of the renowned The Economist in Lagos at the weekend. Africa’s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African… []

NDIC Commends Courts For Timely Trials Of Failed Banks

The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary for the timely prosecution of failed bank cases over the years. On Monday, the commendation was contained in a statement by Bashir Nuhu, the NDIC spokesman. The statement said the NDIC managing director, Bello Hassan, gave the commendation in Abuja. Mr Hassan said support from its external solicitors and the judiciary was evidenced by heightened… []

KPMG Customer Experience Survey Lists Polaris Bank As The Most Improved Retail Bank 

The 2022 KPMG Nigeria Banking Industry Customer Experience survey result listed Polaris Bank ‘as the most improved Bank under retail segment moving up five places to sixth position and 3rd under SME segment’, with the Bank showing significant improvement in customer ratings. Many customers have praised the Bank for its personalized service, proactive approach to problem-solving, and faster turnaround times. According to the survey, the… []

As Fidelity Bank Remains Investors’ Toast

In an increasingly uncertain macroeconomic environment, Fidelity Bank Plc has remained appealing in the banking sector. This is evident in its full year 2022 financial results which showed a better-than-expected performance amid the headwinds in the economy. Specifically, in the full year 2022 results, Fidelity Bank’s gross earnings increased to N337,050 billion as of December 31, 2022, significantly higher than the N250,776 billion recorded at… []

Wema Bank Celebrates 78th Anniversary, ALAT At Six

Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and competitions open to its employees, clients, and the public. Kicking off the anniversary week is the virtual launch… []

Zenith Bank Delivers Remarkable Q1 2023 Results With 41% Growth In Gross Earnings

Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 28th April 2023, indicated that the significant double-digit growth in the topline also… []

Fidelity Bank: Strengthening The Footprint Of Growth, Reflects Impressive FY’22 Financials

– Nneka Onyeali Ikpe, CEO Fidelity Bank PLC Fidelity Bank Plc has released its audited financial statements (AFS) for the year ended December 31, 2022 which showed the bank’s impressive growth across key top-to-bottom line figures. The full year 2022 scorecard The bank’s financial results released to the investing public at the Nigeria Exchange Limited (NGX) show its full year (FY) 2022 gross earnings printed… []

Polaris Bank Commences Phase IV Of Its Breast Cancer Screening Exercise For Staff And Customers. 

Polaris Bank has announced that it has commenced breast cancer screening for its staff and customers meant to reduce the incidence of breast cancer in Nigeria. The Bank’s Group Head, Strategic Brand Management, Nduneche Ezurike, made this known in Lagos while reiterating the Bank’s unwavering commitment and partnership to stem the breast cancer scourge among women. Polaris Bank notes that increased awareness, screening, advocacy, and… []

Real Estate Giant, Metro & Castle, Gathers Stakeholers At ‘Realtors Hangout’

– Adekunle Abdul, CEO Metro & Castle Ltd It is going to be a cool atmosphere for entrepreneurs, businessmen and women, intellectuals and customers alike at yet another opportunity to brainstorm about issues affecting the housing industry in a convivial environment, come May 6th 2023, as ‘Realtors Hangout 2.0’ holds in Lagos State. The big idea is being championed by one of the real estate… []

Elumelu’s Indirect Interest In Transcorp Increases To 25.58%

– Tony Elumelu The management of Transcorp Incorporated Plc (Transcorp), yesterday announced on the floor of the Nigerian Exchange Limited (NGX) that its Chairman, Mr. Tony Elumelu’s indirect interest in the conglomerate has increased to 25.58 per cent. The notice on the Exchange disclosed that HH Capital Limited, a Special Purpose Vehicle (SPV) owned by the billionaire investor acquired 9,697,189,984 units of shares, bringing its… []

Fidelity Bank Records Stellar Performance in FY 2022

Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1% YoY expansion in earnings base to… []

Onyeali-Ikpe, Olusanya Makes Top 10 on 2023 Definitive List Of Women CEOs

– Nneka Onyeali-Ikpe The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Bank made the top 10 list. Both companies are listed on the Nigerian Exchange Limited (NGX). The list is unique in that it is based on data-driven research. Sponsored by… []

Falcon Aero Launches Into Aviation Industry

Falcon Aerospace Limited has launched into the aviation industry with its new products-the Vivajet, CharterXE and FLYPJX, aimed at delivering excellent customer service, adaptation of technology and continuous innovation to boost market in Africa. The Chief Executive Officer of the company, Chukwuerika Achum, who stated this at the unveiling of the service, noted that with diversified portfolios in business, aviation, consulting and training, Falcon Aerospace… []