Business

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 …

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the …

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 …

Information reaching TheCommentNG has it that Moruf Oseni’s led Wema Bank PLC has incurred over N9 Billion in court cases as at December 2023. This was revealed in the bank’s full year 2023 financial statement which was released recently. It was also gathered that the previous year’s litigation claims was …

The Director of the Financial Policy and Regulatory Department (FPRD) at the Central Bank of Nigeria (CBN), Haruna B. Mustafa has said that the reason for the exclusion of retained earnings is for banks to inject fresh capital into the system. Mustafa said this in a podcast titled ‘Banking Sector …

Digital solutions services provider, Globacom, has congratulated Nigerian Muslims on the conclusion of the Ramadan fasting period, and encouraged them to always remember thelessons of Ramadan even beyond the fasting period. In a goodwill message on Tuesday in Lagos, Globacom noted that “it is a month of sacrifice, abstinence, and, …

Globacom, Nigeria’s digital solutions provider, has introduced two new Enterprise Business products with unparalleled data speed and service experience. The internet connectivity solutions called Glo Fibre to the Home (FTTH) and Fibre to the Business (FTTB) are specifically made for residential and SME commercial users, respectively, to give them access …

UBA Introduces First of its Kind Scan To Resolve Complaint Portal Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088 called the ‘Scan to Resolve Complaint’ Portal with code  aimed at enhancing satisfaction and swiftly addressing customers’ disputes. The first of its kind innovative …

As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading primary mortgage bank in Nigeria, has distributed over 400 food packs to Kuramo community in Victoria Island, Lagos State. The donation is an initiative under the bank’s Corporate Social Responsibility …

The last may have not been heard in the crisis rocking the Eko Electricity Distribution Plc (EKEDP), one of the 11 electricity distribution companies in Nigeria, as documents SaharaReporters obtained on Friday revealed a cover-up and fraud. The documents showed the chairman of EKEDP, Dere Otubu, in an alleged cover-up …