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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 »

Leading financial institution, Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. The Middle East & Africa Banking Innovation Awards, organised by The Digital Banker, is a prestigious award program designed to recognise the world’s best-in-class commercial banks – across ... Read More »

After Mrs kumbaya (name changed to protect her identity) lost her husband at work in 2005, she was accused of killing him. The accusation did not come from her husband’s brothers but his sister, who had earlier lost her own husband. It took the combined hard work of the brothers to get their sister off the back of her fellow ... Read More »

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 ... Read More »

The Advertising Practitioners Council of Nigeria on Monday described as offensive and provocative, an Easter advert by Sterling Bank Plc comparing the resurrection of Christ with the rising of Agege Bread. APCON also said the advert copy was not submitted for approval before it was made public. In a statement on Monday signed by its Registrar and Chief Executive, Olalekan ... Read More »