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…… Declares total dividend of 50K per share 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 ... Read More »

As part of its initiatives to reduce poverty and alleviate hunger in the society, leading financial institution, Fidelity Bank Plc, recently launched a Corporate Social Responsibility (CSR) scheme tagged the Fidelity Food Bank. Through the initiative, the bank would partner with carefully selected charity organizations across Nigeria to provide food items to members of the society monthly. At an event ... Read More »

Lagos State Governor, Babajide Olusola Sanwo-Olu says the state government is partnering and working with key private sector operators to ensure speedy growth and development for the state. Mr Sanwo-Olu spoke during a courtesy call by members of Ecobank Nigeria management team lead by the Managing Director, Bolaji Lawal. In his words “ today has been set aside for some ... Read More »

…declares dividend of 30kobo per share Wema Bank Plc, Nigeria’s most innovative bank, has delivered a stellar fourth quarter 2022 performance and continues its evolution into an unrivalled market leader and efficient bank. According to a press statement issued by the bank in respect of its audited financial results for the period ended December 31, 2022, the bank recorded gross ... Read More »

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 Holding Company 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 ... Read More »

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦214.2billion, representing 3.3% dip from ₦221.5billion posted in the corresponding year ended December 2021 on the back ... Read More »

….To Actively 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 ... Read More »

…​ ​Appointments of 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 Central ... Read More »

Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, a member of CIG Group of Companies, to provide auto financing services to the Bank’s customers on purchase of GAC range of cars, through its asset finance loan scheme. The deal, which was recently signed at Stallion Plaza, Union Bank’s head office in ... Read More »

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 and ... Read More »