Brand & Business

Heritage Bank’s support for socio-economic growth earns Senior Executive EveAfrique Award

R-L: Osepiribo Ben-Wille, Directorate Head, South-South, South-East & Private Wealth Management receiving the “Heart of Gold” from Engr. Otunieh Otunte, President Society of Engineers, RS and Manager Danalec Nig Ltd., at the EveAfrique’s annual Red Ball for Charity, held in Port Harcourt. Senior Management Executive of Heritage Bank Plc received the “Heart of Gold” award by EveAfrique organiser of the annual Red Ball for Charity…. []

BUA Foods Welcomes MV BUNDU, Aquires First Of Two Shipping Vessels For Sugar Export Operations

BUA Foods, one of Africa’s leading FMCG companies has taken delivery of the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off successfully earlier this year. BUA Food’s export of refined sugar will benefit the economy, providing alternative source of income, while significantly diversifying the company’s markets. The vessels will depart and berth at BUA’s… []

FY 2021: Unity Bank Posts N50.28bn In Earnings, N3.33bn In Profit

-Unity Bank MD/CEO, Mrs Tomi Somefun Unity Bank Plc has declared a Profit Before Tax (PBT) of N3.33 billion in the financial year ended December 2021, indicating a 49.9 per cent increase from the N2.22 billion it recorded in 2020. Similarly, a review of the lender’s 2021 full-year result submitted to the Nigeria Exchange Limited (NGX) showed a significant improvement in its bottom line as… []

Access Bank Transits To HOLDCO Structure, Promotes 800 Employees

Access Bank Plc, Nigeria’s biggest bank by assets base, has announced the promotion of 800 employees following a robust performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, made the announcement in a statement on Monday in Lagos. According to the statement, the beneficiaries of this wholescale performance review exercise spanned the… []

Wema’s ALAT hits 1m accounts in one day

Africa’s first Digital Bank, ALAT By Wema, has unveiled the #BeAudacious campaign, as part of activities commemorating its 5th anniversary. Wema Bank in a statement said: “The #BeAudacious campaign, which was led by the Brand Ambassador and one of Africa’s leading music icons, Davido saw ALAT By Wema target the opening of one million new accounts in a 24-hour period that was also an attempt… []

ZENITH BANK EXPANDS MARKET SHARE WITH 22% GROWTH IN GROSS EARNINGS IN Q1 2022

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022. From the unaudited statement of account presented to the Nigerian Exchange (NGX) on Thursday, 28th April 2022, the strong double-digit growth in the topline culminated in an… []

First Bank Wins Double As Best Bank In Nigeria, Best Bank In Digital Transformation

Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world markets, investing opportunities, industry analysis and so much more. All… []

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… []