Sterling Bank Takes Sides with Nigerians … Eliminates bank transfer fees

In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut from customer transactions on its own app. The initiative marks a turning point in the industry and reflects …

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Nigerian business leader, Jim Ovia honoured with historic Freedom of the City of London

The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, has been admitted to the prestigious Freedom of the City of London in a distinguished ceremony which held at the Mansion House, City of London on Monday, April 7th, 2025.   This prestigious accolade is a testament to Mr. Ovia’s exceptional contributions to the global financial landscape, unwavering commitment …

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Polaris Bank Champions Financial Literacy During Global Money Week at NANA College, Warri, Delta State

In celebration of the 2025 edition of Global Money Week (GMW), Polaris Bank took its financial literacy advocacy to NANA College, Warri, Delta State, where students received firsthand insights on money management, saving, and investing. The event, held within the school premises, witnessed an impactful engagement led by Mr. Andrew Komori, the Group Head of Polaris Bank, who represented the …

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Fidelity Bank Distributes Food Packs to FCT Communities

As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents. Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi district of the FCT. Speaking at the distribution event, the Executive Director, …

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Sterling Bank leads protest for removal of Bank Transfer Charges 

In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement, made on April 1st, initially sparked widespread arguments, with many assuming it was …

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President Tinubu congratulates Jim Ovia on admission to Freedom of the City of London

President Bola Tinubu has congratulated the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, on his admission to the prestigious Freedom of the City of London.   Admission to the Freedom of the City of London is an honour bestowed on individuals either for their service to the city or for their achievements.   In a press statement …

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FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share

Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion.   According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The …

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Wema Bank Releases Audited Results for FY 2024, Profit Before Tax Soars 135% to ₦102.5bn Billion

…Proposes N1.00 final dividend per share; commences N150bn Rights issue in April 2025   Wema Bank Nigeria has released its audited Consolidated Financial Statements for the period ended December 31st, 2024, to the Nigerian Exchange Group (NGX). Wema Bank reported profit before tax of ₦102.51bn, representing an increase of 135% over the ₦43.59bn recorded in the corresponding period in 2023. …

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Dangote, Rabiu, Otedola, Adenuga Make Forbes’ 2025 Billionaires List

Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu have been named in the 2025 Forbes’ Africa billionaires list. Forbes Magazine released the list on Saturday. The quartet are the only Nigerians who made the lineup. Dangote, who owns the Dangote Refinery, tops the list with a net worth of $23.9 billion, up from $13.9 billion in 2024. “Aliko Dangote …

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Zenith Bank Pat Soars above N1 Trillion in full year 2024, Proposes N4.00 Final  Dividend 

Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in Nigeria’s banking industry.   According to the audited financial results …

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