Business

Lagos, Nigeria – Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and …

Fidelity Bank Plc has released its audited financial statements (AFS) for the year ended December 31, 2022 which showed the bank’s impressive growth across key top-to-bottom line figures. The full year 2022 scorecard The bank’s financial results released to the investing public at the Nigeria Exchange Limited (NGX) show its …

Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) …

Stanbic IBTC Holdings, a member of Standard Bank Group has shared some of its latest findings from the Africa Trade Barometer Report 2022 released recently. The report, which assesses key economic indicators in Africa highlights several noteworthy developments across 10 African countries. According to the report, Nigeria is placed eighth …

Shareholders of United Bank for Africa (UBA) Plc have approved the Board’s proposal to pay a dividend of N1.10 per share for the financial year ended December 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) which was held virtually on Thursday, April 27th. The …

Aggrieved staffers sue bank, move to cripple its operations nationwide For Polaris Bank Limited, it’s a story of one day, one trouble as the bank, which is currently being troubled over its controversial sale, is in the news again for the wrong reasons. It was reported that ahead of Nigeria’s …

  Stanbic IBTC Holdings, a member of Standard Bank Group has shared some of its latest findings from the Africa Trade Barometer Report 2022 released recently. The report, which assesses key economic indicators in Africa highlights several noteworthy developments across 10 African countries. According to the report, Nigeria is placed …

…… Declares total dividend of 50K per share Lagos, Nigeria, April 27, 2023: 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 …

Minority shareholders in Solel Boneh, an Israeli civil engineering company, have sued majority shareholders and directors for allegedly mismanaging the company. The minority shareholders, in a petition filed before the federal high court in Abuja, accused the majority shareholders and directors of allegedly running Solel Boneh aground by surreptitiously diverting …

The group chairman of Transnational Corporation Plc (Transcorp), Tony Elumelu said he looks forward to working with the Nigerian billionaire businessman, Femi Otedola at Transcorp. Elumelu disclosed this while speaking in an interview with Arise TV on Wednesday. The Transcorp chairman commended Otedola for his acquisition of a significant stake …