Sterling Bank Transforms On The NGX, Relists As Sterling Financial Holdings

Sterling Bank Plc, has announced that it has now completed a significant milestone in its on-going transformation to a financial holdings company with the delisting, transfer, and re-listing of all shares to the Sterling Financial Holdings Company on the floor of the Nigerian Exchange. The relisting signifies another major development in the ongoing transition, as unanimously approved by its shareholders. Under the Scheme of Arrangement, Sterling Bank’s… []

ECOBANK Partners LCCI On Promoting Export Business To Support Stakeholders

Ecobank Nigeria in collaboration with Lagos Chamber of Commerce and Industry (LCCI), has provided insights into the various financing options available for exporters, regulatory frameworks, and the role of public and private sector institutions in promoting exports businesses. President, LCCI, Asiwaju Dr Oladele Cole said breaking barriers to export finance is critical to stakeholders in the export and import business. Dr Cole, who was speaking… []

Moruf Oseni Succeeds Ademola Adebise As The MD/CEO Of Wema Bank Plc

-Mr. moruf Oseni, newly appointed MD/CEO, Wema Bank plc –Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director also approved by the CBN. Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the… []

Union Bank and CIG Motors Announce Partnership

From L-R: Joe Mbulu, Chief Financial Officer, Union Bank; Chief Diana Chen, Chairman/Chief Executive Officer, CIG Group; Mudassir Amray, MD/CEO, Union Bank; and Dr. Ramanathan Murugesan, Chief Finance Officer, CIG Group at the official signing ceremony of Drive Now, Pay Later partnership between Union Bank and CIG Group held in Lagos recently. Union Bank of Nigeria has signed a commercial partnership agreement with Choice International… []

Dangote Lists N300B Series 1 and 2 Largest Bonds On NGX, FMDQ

FirstBank Releases Official Statement Debunking Malicious Charges Brought Against The Bank

  OFFICIAL STATEMENT Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is a spurious allegation made by a delinquent debtor with the intention of embarrassing the Bank… []

Sterling Extends Publication Date Of Annual Statements

Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023. Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, assured stakeholders and the public… []

Zenith Bank Caps The Year 2022 With Impressive 24% Growth In Gross Earnings

Zenith Bank Plc has announced its audited results for the year ending December 31, 2022, achieving an impressive double-digit growth of 24% in gross earnings from NGN765.6 billion reported in the previous year to NGN945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange (NGX),… []

GMW: Polaris Bank, CBN Deepen Financial Literacy Among Young Nigerians As Bank Donates Books To 37 Secondary Schools Nationwide

Polaris Bank has continued to deepen its financial advocacy role of educating and inculcating in young Nigerians the culture of savings, investment and financial awareness during the 2023 Global Money Week (GMW) event. The week-long activity, which kicked off last Monday, March 20, and ended on Sunday, March 26, 2023, had ‘Plan Your Money, Plant Your Future’, as its theme. The Financial Literacy sensitization campaign… []

Zenith Bank CEO, Ebenezer Onyeagwu Receives Doctorate Degree In Business Administration From The University Of Nigeria

  The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, was on Saturday, March 25, 2023, conferred with a Doctorate Degree in Business Administration by the University of Nigeria, Nsukka. The award, which is in recognition of his immense achievements as Group Managing Director/CEO of Zenith Bank as well as his contributions to the growth of the financial services sector in… []

Access Bank To Acquire Zambia’s African Banking Corporation Gets Approval

Access Holdings, the parent company of Access Bank Plc, says its Zambian subsidiary, Access Bank Zambia Limited, has secured approval of the country’s central bank for the acquisition of African Banking Corporation Zambia Limited. Sunday Ekwochi, the company secretary who announced the development on a statement on Friday, said the acquisition is to be completed in the third quarter of 2023. “Further to its announcement… []

Unity Bank Holds Financial Literacy Training for Students to Mark Global Money Week

Unity Bank Plc has facilitated financial literacy training in thirty-one schools across Nigeria as part of the lender’s activities marking Global Money Week, 2023. The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun took part in the programme by facilitating training on financial literacy at Kabayi Secondary School, Mararaba, Nasarawa state on Thursday, March 23. Represented by the Group Head, Customer Engagement,… []

Wema Bank Organise Financial Literacy Programme For Students to Mark the 2023 Global Financial Literacy Day

Picture capture: Students at a Financial Literacy Programme Organized by Wema Bank Plc to mark the 2023 Global Financial Literacy Day Wema Bank Plc, Nigeria’s leading Innovative Financial Institution is championing financial literacy for the next generation by participating in the Global Money Week to commemorate the Financial Literacy Day on March 23, 2023. In alignment with the theme “Plan your Money, plant your Future”,… []

More Naira notes as banks get old notes deposited with CBN today

Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira notes

Rite Foods Preaches Co-existence As Muslims Prepare For Ramadan Fasting

Rite Foods, Nigeria’s market leader in the food and beverage industry, celebrates with the Muslim faithfuls as they observe the one-month Ramadan fasting in fulfillment of the fourth pillar of Islam, and urges them to adhere to the doctrines of Islam which preach peaceful coexistence. The world-class and proudly-Nigerian company has also made available its unrivaled brands for consumption and refreshing moments during the fasting… []

GTCO Set To Thrill Food Lovers With Its Annual Food & Drink Festival

The annual GTCO Food & Drink Festival is back again for its 6th Edition, and food lovers across Africa and the world are in for a feast like never before! The event is slated to hold from Saturday April 29th till Monday May 1st 2023, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos, providing a 3-day weekend of food and endless celebration…. []

Wema Bank Plans to Celebrate International Women’s Day 2023

Wema Bank, Nigeria’s most innovative bank, is preparing to celebrate International Women’s Day 2023. The bank aims to honor women and provide them with opportunities to achieve success in their personal and professional lives. The celebration will be held on March 8, 2023, in Lagos. This year’s global theme, “Embrace Equity,” will be the focus of the event. The discussion will center on the topic… []

Sterling Bank Agrees To Finance Health And Education Through Credit Café

A partnership has been signed between Nigeria’s leading commercial bank, Sterling Bank Plc, and Nigeria’s most innovative lending platform, Credit Café Africa, to provide health and education loans and other value-added services to existing and potential customers. Speaking at the signing ceremony of the memorandum of understanding (MoU) between Sterling Bank and the digital lending platform, the Divisional Head for Business Growth and Partnerships at… []

FBN HOLDINGS: Malicious Publication Rebuttal

Our attention has been drawn to false news making the rounds that an order of arrest has been made against the MD of FirstBank whilst using the name and image of the GMD of FBN Holdings. We wish to state categorically that this is fake news which has already been debunked by EFCC in their publication titled: ‘EFCC Did Not Raid Tinubu’s Home’ and signed… []

Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

A Chief Magistrate Court sitting in Ikeja , Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt. The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor),  Prince Enabulele Osazee,… []