Sterling Positions For Expansion With New Structure

With the unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification by the regulators, …

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Nigeria In Darkness As National Grid Collapses Again

Many states and cities in Nigeria were thrown into darkness yesterday as the national power grid also known as the Electricity Transmission System collapsed again at about 10:51 am. Many parts of the country, including the Federal Capital Territory (FCT), Abuja; Kano; Kaduna, Nasarawa, Abia, Anambra, Enugu, Ebonyi, Kogi and Lagos states were affected by the outage. It was learnt …

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FirstBank partners Verve International, makes customers millionaires in FirstBank Verve Promo 

In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions. The …

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Blackmailers at Work! Neconde Not Involved in Illegal Oil Lifting

…Warns Falsehood Peddlers Neconde Energy Limited, an exploration and production company, has sent a strong warning to peddlers of falsehood attempting to link it with an alleged illegal lifting of crude oil at Ugo Ocha export terminal around Oil Mining Lease (OML) 42. Refuting the allegation that it was complicit, the firm in a statement released to debunk the contents …

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Prudential Zenith Life Insurance Records 75% growth in profit after tax in full year 2021 results 

Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of ₦1.13b compared to the ₦646m recorded in the corresponding period in 2020. The results, which was approved by the Board of Directors of Prudential Zenith and the insurance industry regulator, the National …

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FirstBank: The embodiment of Corporate Responsibility and Sustainability 

Who should corporate responsibility and sustainability lessons be taken from? Some companies are still unclear about the concept but latching onto the sustainability mantra anyway, because it has become a marketing buzzword for business? Or a company through whose creed and deeds, over the many decades it has been around, people can see corporate responsibility and sustainability lived (first) and …

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Photo: Wema Bank’s 5 For 5 Promo Holds In Onitsha 

Left to Right:  Chief Financial Officer, Wema Bank Plc, Mr. Tunde Mabawonku, Regional Manager Wema Bank Plc, South-South & South-East Region, Mr. Uduak Afangide, Representative of Obi of Onitsha, Chief Chinyelugo Osita Anionwu, Executive Director North and East Directorate Wema Bank Plc, Mr. Emeka Obiagwu, Representative of Obi of Onitsha, Chief Igweze Anthony Obiesie (Ajakobi) and Anambra State House Assembly …

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FirstBank hosts Financial Market Dealers Association (FMDA) quarterly meeting 

First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed “Nigeria Macroeconomic Developments and Outlook: IMF View” will have its keynote address delivered by Ari Aisen, IMF Resident Representative for Nigeria.  In a statement issued by the …

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Delta airline suspends New York to Lagos flights

Effective October 4, 2022, Delta Air Lines will suspend its flights between New York JFK airport and Lagos. The airline disclosed this via a statement, stating that the route suspension was to fit into “the current demand environment.” The statement read, “Delta is suspending its nonstop service between New York-JFK and Lagos to fit the current demand environment. “The airline …

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