Business

NBA to adopt e-voting for 2024 election

Nigerian Bar Association The Nigerian Bar Association has stated that an electronic voting system will be used for its 2024 election. The NBA explained that this decision will allow members of the association to participate in the election seamlessly from their different locations. The association’s Electoral Committee, led by Oluseun …

Read More »

Fidelity Bank grows Profit by 131.5% in FY 2023

-Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024: Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian …

Read More »

Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond

Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the …

Read More »

Adesola Adeduntan’s led FirstBank: 130 years of enabling success

In a country with short-lived corporate excellence and a handful of centenary companies, hitting 130 years is undoubtedly a significant milestone for Nigeria’s premier financial institution, FirstBank. Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of Nigeria Limited (FirstBank) and its consistent reinvention …

Read More »

Moruf Oseni’s WEMA Bank Faces Legal Woes, Pays N61.350 Million in Penalties Amidst Regulatory Scrutiny

It was reported that a recent investigative report obtained by online newspapers has shed light on WEMA Bank’s legal entanglements in 2023, with the financial institution facing penalties totaling N61.350 million for contravening seven Nigerian laws within a single year.   The revelations surfaced from WEMA Bank’s comprehensive financial statement for …

Read More »