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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Fidelity Bank’s FY 2024 Performance Praised by Shareholders

Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding performance in FY 2024.   Speaking at the bank’s 37th Annual General Meeting (AGM) held virtually on Tuesday, April 29, 2025, the National Chairman of The Progressive Shareholders Association, Chief Boniface Okezie, praised the bank, saying, “This is a superlative …

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C-One To Acquire Bankly Microfinance Bank …to restore Stability, Accelerate Growth

C-One Ventures Platform (C-One) today announced it has entered into an agreement to invest and acquire the licences, technology and select assets of the Nigerian operations of Bankly -a licensed microfinance bank and fintech leader known for bridging financial access gaps across Nigeria’s informal economy.   The deal which is subject to regulatory approvals including from the Central Bank of …

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