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…Hospitality giant reports revenue of N7bn and gross profit of N5.1bn Transcorp Hotels Plc, Nigeria’s top hospitality company and a subsidiary of Transnational Corporation Plc. (Transcorp Group) has ended Q1 2022 with an impressive result, reporting a 77.4% growth in revenue to N7.04 billion from N3.97 billion in the same period in 2021. The hospitality company which owns the iconic ... Read More »

As part of its support for cushioning the financial needs civil servants in Nigeria, Richway Microfinance Bank, a leading financial services provider in Nigeria, has launched its digital loan for Civil Servants named: Richway Quick Credit, an online` loan product designed to address the urgent financial needs of civil servants whose salaries are being paid through Remita. The new product ... Read More »

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 ... Read More »

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 ... Read More »

Guaranty Trust Holding 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 ... Read More »

MTN Nigeria and Pan-Atlantic University, on Wednesday, announced the launch of the MTN Media Innovation Programme which would be run by the PAU’s School of Media and Communication. This was revealed in a statement made available to Newsthumb on Wednesday. According to the statement, the initiative is open to media practitioners across the country, including print, electronic, and online platforms, ... Read More »

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 ... Read More »

The attention of the Bank has been drawn to recent reports in the media on money laundering and bribery allegations on certain customer’s transaction. The publication went ahead to mention the names of certain Wema Bank management staff to be allegedly involved in the said transaction. The Bank wishes to state categorically that there is no merit in the article, ... Read More »

Tony Elumelu Presents Transcorp Group’s Strong 2021 Performance and ESG Blueprint to Shareholders. Shareholders of Nigeria’s leading listed diversified conglomerate, Transnational Corporation Plc (“Transcorp”), met today for the Group’s 16th Annual General Meeting, held at the Group’s hospitality flagship, Transcorp Hilton Abuja. The Group saw significant growth across all metrics. Group Gross Earnings increased to N111.2 billon in 2021, from ... Read More »

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has been listed as one of the best places to work in Nigeria by the professional networking social media platform, LinkedIn. LinkedIn, a social platform that is primarily used for professional networking and career development, conducted research and considered data across several pillars and various industries for the year 2021. ... Read More »