Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025
Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight …
Continue Reading
Ten Things That Stood Out At The Wema Bank 80th Celebration Themed ‘Timeless Elegance’
On May 2nd, 2025, Wema Bank, Nigeria’s oldest indigenous bank, most innovative, and pioneer of Africa’s first fully digital bank, ALAT, showed Nigeria and the entire financial sector what it truly means to celebrate legacy with purpose. The event, themed Timeless Elegance, was held at the Eko Hotel and Suites. The bank’s 80th-anniversary celebration was more than a gala; it …
Continue Reading
Appeal Court Upholds Gtbank Staff’s Seven Years Jail Term in Enugu
The Enugu Division of the Court of Appeal has upheld the conviction and seven years prison sentence of one Onyekachi Nwosu, a former employee of Guaranty Trust Bank for his commission of over N50million (Fifty Million Naira) loan fraud. Nwosu was prosecuted by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on a nine-count charge, …
Continue Reading
Cascador and Sterling Bank Launch Breakthrough Funding for Nigerian Entrepreneurs
Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business mentorship, tailored repayment terms, and dramatically reduced …
Continue Reading
FirstBank and EStars Forge Innovative Partnership to Elevate Esports Education
FirstBank, the West African premier bank and financial inclusion service provider, is proud to announce a strategic collaboration with EStars Education Africa Limited (EStars), a global leader in educational esports. Empowering the Next Generation of Esports Professionals The partnership provides a platform for FirstBank to support the rollout of EStars’ comprehensive esports qualifications, including entry-level Certificates and BTEC courses …
Continue Reading
Wema at 80: FG, State Governors, Laud Wema Bank’s resilience, industry leadership, impact
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa first fully digital bank, ALAT, has officially marked its 80th anniversary on May 2nd, 2025, receiving national commendation for its trailblazing legacy as Nigeria’s oldest and longest surviving indigenous bank. Established as Agbonmagbe Bank Limited in 1945, Wema Bank paved the way for indigenous banking to thrive in Nigeria, challenging …
Continue Reading
Sterling Bank to give Nigerians ₦1Million Extra Every Month
Leading commercial bank and Africa’s most agile company, Sterling Bank has announced the introduction of AlwaysOn by Sterling, a bold new feature on its OneBank platform that will give eligible customers up to ₦1 million extra every month -even when their account balances are running low. Launched on Workers’ Day 2025, the initiative is part of an ongoing movement to …
Continue Reading
Wema Bank Celebrates 80 Years of Impact …Sets the stage for a future of more possibilities
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has officially marked the incredible milestone of its 80th anniversary on Friday, May 2nd, 2025. Celebrated as Nigeria’s oldest indigenous bank, Wema Bank was founded on May 2nd, 1945, as Agbonmagbe Bank Limited; an institution that has now evolved from a single-branch operation aimed …
Continue Reading
GTBank increases SMS transaction alert fee to ₦6
Guaranty Trust Bank (GTBank) has announced a revision in its SMS transaction alert charges, with the fee increasing from ₦4 to ₦6 per message effective Thursday, May 1, 2025. In a customer notice issued on Wednesday, the bank cited rising telecommunication service charges as the reason for the upward adjustment. “This adjustment is due to a recent increase …
Continue Reading
Zenith Bank fetes shareholders with dividend payout of N195.67 billion, promises quantum leap in future dividends
Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved the proposed final dividend payment of NGN4.00 per share, bringing the total dividend for the 2024 financial year to NGN5.00 per share, with a total value of NGN195.67 billion. The Founder and Chairman of …
Continue Reading
