Brand & Business

GTCO Plc Releases Q1 2022 Unaudited Results …Reports Profit Before Tax of ₦54.3b

Guaranty Trust Holdin Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the corresponding period March 2021. FX translation of the FCY loan… []

Zenith Sustains Position as Nigeria’s Best Bank for Three Consecutive Years in Global Finance Award

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 29th Annual Best Bank Awards Winners. The editors of Global Finance made the selections after extensive consultations with… []

Contaminated Milk: Lagos State Government Questions Friesland Campina 

The recent alarm raised by the public over the contaminated milk products that surfaced online and the subsequent closure of a warehouse in the Isheri area of the State had attracted the leadership of the Lagos State Consumer Protection Agency (LASCOPA) as they recently met with stakeholders over the reported sale of hazardous products. Speaking at the meeting held at the head office of LASCOPA… []

Wema Bank debunks money laundering, bribery allegations

Wema Bank says its attention has been drawn to recent reports in the media regarding money laundering and bribery allegations on a customer’s transaction. It said in a statement that the publication went ahead to mention the names of certain Wema Bank management staff who were allegedly involved in the said transaction. The statement said, “The bank wishes to state categorically that there is no… []

Fidelity Bank to boost Schools’ Profitability with Value-adding Products

Leading financial institution, Fidelity Bank Plc, has introduced a bouquet of products designed to help schools run profitably and seamlessly. Specifically targeted at privately-run primary, secondary and tertiary educational institutions in the country, the collection of products include financial and non-financial products put together to help schools enhance the quality of services they render, scale their operations and increase revenue. In a chat with journalists,… []

Fidelity Bank Reacts To Video of Alleged Customer Performing With a Band Outside The Bank

Our attention has been drawn to a video circulating online about a man singing at one of our branches. Contrary to media reports claiming that the man was wrongfully debited by the bank, the video is  actually a picketing exercise organized by the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Employees over a dispute they have with the Anambra State Urban Water… []

Ex First Bank CEO, Bisi Onasanya Secures Pleasure In Address Homes

  -Dr. Bisi Onasanya If there’s anything that gives the former Chief Executive Officer of First Bank Nigeria, Dr. Bisi Onasanya pleasure and joy since  leaving the banking sector it is nothing but his new venture. The bulky framed personality has re-registered himself in the consciousness of the corporate world with the success of his new venture, The Address Homes. Onasanya, who stands tall as… []

Union Bank grows earnings by 8.9% to N175bn

Union Bank of Nigeria Plc has recorded 8.9% growth in its gross earnings to N175 billion for the financial year ended December 31, 2021 from N160.7 billion recorded in the corresponding period 2020. The details of the results released on the Nigerian Exchange Limited, NGX yesterday show that Non-interest income rose 26.7% to N55.7 billion from N44 billion in 2020 driven by significant increases in… []

Fidelity Bank drives Non-Oil Exports awareness in North Central through RT200 FX Seminar

Governor Simon Lalong of Plateau state has lauded the RT200 FX Programme by the Central Bank of Nigeria’s (CBN), stating that the nation stands to gain a lot in terms of expanding its foreign exchange earning capacity through previously underutilised sectors. The governor made this declaration at the recently held CBN RT200FX Policy Sensitization seminar hosted by Fidelity Bank Plc in Jos, Plateau State capital… []

Fidelity Bank to Sensitize Businesses in North Central Zone on Opportunities in Non-Oil Exports

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. Scheduled for Tuesday, 12 April 2022 in Jos, Plateau State capital, the session would be facilitated by officials of the bank as well as representatives from key… []

Union Bank Reiterates Commitment To Innovation and Technological Advancement As Bank Launches SpaceNXT

Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose designed co-working hub for innovators, creators and techpreneurs. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT was set up to provide an enabling environment where tech enthusiasts, visionaries and… []

Access, Fidelity, Wema 3 Others Banks Fined N1.31bn for Flouting CBN Directive

  Fo closure of crypto accounts, Central Bank of Nigeria (CBN) has penalised six banks for N1.314 billion over alleged non-compliance with a regulation on cryptocurrency accounts. The banks include Stanbic IBTC, First City Monument Bank (FCMB), Access Bank, Wema Bank, United Bank for Africa (UBA) and Fidelity Bank. Stanbic IBTC Bank, the domestic unit of Standard Bank Group Ltd, was fined N200 million for… []

Zenith Bank’s Shareholders Excited As Bank Pays N97.33b Dividend

Founder and Chairman, Zenith Bank Plc, Mr. Jim Ovia, CON (Centre) flanked by the Group Managing Director/CEO, Mr. Ebenezer Onyeagwu (Left) and the Deputy Managing Director, Dame (Dr.) Adaora Umeoji (Right) at the 31st Annual General Meeting of the bank held yesterday at the Civic Centre, Victoria Island, Lagos.   Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on… []

Global Money Week: Fidelity Bank to Empowers 4,000 Students In 36 Secondary Schools

Fidelity Bank Plc has tutored 4,000 students in 36 schools across Nigeria on the value of managing financial resources effectively in order to improve their economic well-being. This initiative, organized in collaboration with Junior Achievement Nigeria (JAN), is part of the activities celebrating the Central Bank’s (CBN) annual Global Money Week (GMW), which promotes financial literacy on a global and local scale. The theme of… []

Heritage Bank promotes Financial Literacy to commemorate Global Money Week

  In alignment with the Central Bank of Nigeria’s (CBN) Financial Literacy Day, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has joined the rest of the world in the celebration of 2022 Global Money Week. The 2022 Global Money Week was scheduled to take place from the 21st – 27th of March 2022 and this year marks the 10th anniversary of the annual… []

STERLING ONE WOMAN, PARTNERS WITH SOCIETY FOR CORPORATE GOVERNANCE NIGERIA FOR IWD CELEBRATION

As part of activities to commemorate this year’s International Women’s Day (IWD) themed “Break the Bias,” Sterling Bank partnered with the Society for Corporate Governance, a non-governmental organization (NGO), to sensitize women professionals and other executives on how they can become active and effective board members as part of activities to commemorate this year’s International Women’s Day (IWD). Speaking at the one-day event with the… []

Fidelity Bank to Help Entrepreneurs Explore US Market

Leading financial institution, Fidelity Bank Plc, is set to host a workshop for businesses looking to scale and expand their reach into new international markets. The training, which is scheduled for Wednesday, 6 April 2022 in Aba, Abia State, is being put together in collaboration with Export & Sell Limited -a trade enabling platform that facilitates the listing of Nigerian businesses on Amazon as well… []

Access Bank names Ogbonna as New MD, Wigwe remains Access Holdings CEO

– Wigwe, Ogbona In its bid to strengthen its long-term competitiveness and growth prospects, Access Bank Plc has announced the successful completion of its restructuring into a Holding Company structure (Holdco) known as Access Holdings Plc. In a notification to the Nigerian Exchange (NGX) Limited on Monday, the company said, Mr. Bababode Osunkoya would be the chairman while Mr. Herbert Wigwe would remain as the… []

Fidelity Bank presents N10million to Winners of GAIM 5 4th Monthly Draw

Rewards 150 customers with N55.4m in savings loyalty scheme Ten customers of Fidelity Bank Plc have smiled home with N1million each having emerged winners in the fourth monthly draw of the Fidelity Bank Get Alerts in Millions season 5 promo (GAIM 5). Speaking at the prize presentation event in Lagos, the Promo Chairperson and Executive Director, Lagos and South-West, Fidelity Bank Plc, Dr. Ken Opara who… []

Ecobank Ellevate Exhibition, An Opportunity To Prioritise Women Businesses —Carol Oyedeji

THOUSANDS of women entrepreneurs, shoppers and visitors besieged the Ecobank Ellevate maiden exhibition and workshop held simultaneously in Lagos, Ibadan, Port Harcourt and Abuja. The fair is a special free exhibition and networking workshop organised by Ecobank Nigeria for female entrepreneurs as part of activities to commemorate this year’s International Women’s Day (IWD). Executive Director, Commercial Banking, Ecobank Nigeria, Carol Oyedeji, in her remarks, expressed… []