– Polaris Bank Logo By Bunmi Onakan Five lucky Nigerians at the weekend hit a fortune when they emerged Millionaires in the ongoing Polaris Bank Save & Win Promo. The live quarterly draw of the ongoing Polaris ‘Save & Win’ promo which took place at the Bank’s headquarters Annex, Alausa Ikeja at the weekend in Lagos, further underscored Polaris Bank’s dedication to fairness in all… []
– Union Bank Logo By Bunmi Onakan In May, 2023, Union Bank of Nigeria received an offer from its core shareholder, Titan Trust Bank Limited, to acquire the shares of all minority shareholders in Union Bank after the completion of core investors’ sale of a majority shareholding to Titan Trust Bank Limited, a subsidiary of TGI Group. The acquisition of the minority shareholding has led… []
Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings, and the diversification of the group’s business lines since completing the transition to a holding company structure. This commendation was shared at the recently held statutory meeting in Lagos. The hybrid statutory meeting, which was held with online and physical attendance,… []
L-R : Dr. Tinuola Akinbolagbe, MD/CEO Private Sector Health Alliance of Nigeria (PSHAN); Aigboje Aig-Imoukhuede (CON), Director, PSHAN; Fatima Aliko-Dangote, G.E.D Commercial Operations receiving the “Outstanding Philanthropy” award on behalf of Chairman, Aliko Dangote Foundation, Aliko Dangote during the PSHAN Gala and Awards night in Lagos recently. Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high… []
– Tosin Eniolorunda, Group CEO, Moniepoint By Bunmi Onakan The Group CEO of Moniepoint Inc, Tosin Eniolorunda has called for partnerships between banks and fintechs in the country to address the menace of rising fraud in the financial system. A statement from the company disclosed that Eniolorunda stated this during a courtesy visit to the Chief Executive Officer, of Fidelity Bank, Nneka Onyeali-Ikpe in Lagos…. []
By By Bunmi Onakan Nigeria’s largest ethical bank, The Alternative Bank (TAB) has taken steps to extend its reach beyond the shores of Nigeria with its hosting of an executive delegation from Banque Sahelo-Salarienne pour l’Investissement et le Commerce (BSIC), a Gambian bank. The two-week exchange program is to promote collaboration between the non-interest banking sectors of Nigeria and Gambia’s financial services sectors. TAB’s Managing… []
– Aliko Dangote, Chairman Dangote Group By Bunmi Onakan Dangote Industries Limited (DIL) has revealed that its pan African operations have fetched Nigeria $687,977 million. The company stated it has so far repatriated over $576.009 million through various banks in Nigeria, in addition to a $111.968 million cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus, saving the same amount that would have… []
By Adeola Idris Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the Bank continued to… []
L – R: Executive Director/Chief Risk Officer, Fidelity Bank Plc, Mr. Kevin Ugwuoke; Group Chief Executive Officer, Emerging Africa Group, Mrs. Toyin Sanni; and Executive Director, Lagos and South West Business, Fidelity Bank Plc, Dr Ken Opara at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023 where Fidelity Bank received the award of the “Export Finance Bank of the Year” over the weekend. By Adeola… []
Zenith Bank Building By Bunmi Onakan Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. According to the bank’s unaudited third quarter… []
By Bunmi Onakan To mark the 2023 Customer Service Week, Unity Bank Plc customers will win prizes while participating in engagement activities lined up for the week-long celebration. From October 2 – 6, the Bank will also celebrate the exceptional teams in its over 200 branches nationwide rewarding outstanding staff members, while reflecting on the theme of this year’s event – Team Service. To make… []
– NGX Building By Bunmi Onakan Nigerian Exchange Limited (NGX) falls and investors on the stock market have lost N757 billion in two days over the demotion of the exchange from frontier to unclassified market status by FTSE Russell. The downgrade by FTSE Russell, a subsidiary of London Stock Exchange Group (LSE), was against the backdrop of Nigeria’s foreign exchange (FX) challenges, which was a… []
– Zenith Bank Head office By Bunmi Onakan Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023. This is a clear demonstration of its resilience and strong market share despite a very challenging macroeconomic environment and… []
Members with Alhaji Aliko Dangote inside the Fertilizer plant, During the Forum of Young Global Leaders, Aliko Dangote Fellowship Convening 2023 in Lagos, Visit Dangote Oil Petroleum and Fertilizer plant Lekki Lagos on Friday on 8th September 2023 By Bunmi Onakan At the World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Aliko Dangote, President, and Chief Executive Officer of the Dangote Group, learned about… []
– Dr. Abbey Onas poses with European associate By Adegboyega Johnson Amidst a resounding call to reshape perceptions about investment in Nigeria by President Bola Ahmed Tinubu GCFR and his proactive policies aimed at inviting more foreign direct investments (FDI) for Nigeria, The Coordinator of the Ogun-Guangdong Free Trade Zone and Chairman, ZGM Investment Group, Dr. Abbey Onas, passionately urged European foreign investors to seize… []
– Mr. Folashodun Shonubi, CBN Acting Gov. By Bunmi Onakan To clear the unsettled foreign exchange (FX) backlog, Acting Central Bank of Nigeria (CBN) Governor, Mr. Folashodun Shonubi, has disclosed that the apex bank was working with commercial banks to achieve this in the next two weeks. Shonubi, stated this in Lagos, while speaking on the role players in the FX market should play to… []
– Oando office By Ademola Idris Oando has agreed to buy the Nigerian exploration and production unit of Italian oil major Eni for an undisclosed amount, a statement by the oil driller said on Monday. The consummation of the deal is subject to ministerial consent and other regulatory authorisations. Shares in Oando, which has a secondary listing in Johannesburg, jumped by 9 per cent in… []
– GTCO Logo By Bunmi Onakan The Group reported profit before tax of ₦327.4billion, representing an increase of 217.1% over ₦103.2billion recorded in the corresponding period ended June 2022. The Group’s loan book (net) increased by 22.8% from ₦1.89trillion recorded as at December 2022 to ₦2.32trillion in June 2023, while deposit liabilities grew by 37.0% from ₦4.61trillion in December 2022 to ₦6.32trillion in June… []
– Dangote Cement By Bunmi Onakan … Cement sells at an average price of N6,216 in Benin despite the regulation The allegation that went viral on social media last week that Dangote Cement Plc was selling a bag of 50kg cement to Nigerians at an exploitative rate of N5,200 while it sells the same quantity of cement at N1,500 in the Republic of Benin was… []
– Aliko Dangote By Bunmi Onakan Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. This huge tax payment from only one of the… []
