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… []

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… []