• Bayo Adetu
• August 3, 2023
• BUSINESS, Featured
• 0 Comments

The International Women Society (IWS) Skills Acquisition Centre, Lekki, Lagos has honoured Polaris Bank with the prestigious ‘Providers & Enablers’ Award in recognition of the Bank’s remarkable commitment and significant contributions to women empowerment, particularly in the area of vocational, skills training and capacity building for women, as undertaken by the IWS. The award ceremony was held at a special graduation ceremony last Thursday, July 27, 2023, at IWS Skills …

• Bayo Adetu
• July 31, 2023
• BUSINESS, Featured
• 0 Comments

According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the financial services sector. It has contributed immensely to the development …

• Bayo Adetu
• July 31, 2023
• BUSINESS, Featured
• 0 Comments

For a third year running, Zenith Bank Plc has been named the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2023. The bank also emerged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards 2023, retaining the award for a second consecutive year. These awards were presented to Dr. Ebenezer Onyeagwu, the …

• Bayo Adetu
• July 30, 2023
• BUSINESS, Featured
• 0 Comments

The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria’s leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria’s leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into the country.  The National Operations …

• Bayo Adetu
• July 29, 2023
• BUSINESS, Featured
• 0 Comments

WemaBank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: ₦9.85bn). Profit before Tax (PBT) was ₦12.05bn a y/y increase …

• Bayo Adetu
• July 25, 2023
• BUSINESS, Featured
• 0 Comments

In the Nigerian banking industry, Wema Bank, Plc is widely acknowledged to be a leader in the realms of innovation and technology, and for constantly seeking to provide seamless financial services to its teeming customers, but is the financial powerhouse a champion of its employees’ best interests? Yes, the most recent testament to Wema’s commitment to establishing a thriving workplace …

• Bayo Adetu
• July 24, 2023
• BUSINESS, Featured
• 0 Comments

The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The announcement made at a press conference held in Lagos, Nigeria, also featured an official announcement of the 10th and 11th of August 2023 as dates for the event …

• Bayo Adetu
• July 22, 2023
• BUSINESS, Featured
• 0 Comments

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been trading above the N5.00 mark since February 2023. “Rule 15.29 …

• Bayo Adetu
• July 21, 2023
• BUSINESS, Featured
• 0 Comments

Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank said it believe that the judgment is perverse and cannot stand the test of …

• Bayo Adetu
• July 19, 2023
• BUSINESS, Featured
• 0 Comments

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved …