• Bayo Adetu
• November 2, 2022
• BUSINESS
• 0 Comments

Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos, on Tuesday, November 1, 2022, adjourned till November 29, 2022 for ruling on the application filed by Abubakar Peter Ali, owner of Nadabo Energy Limited, seeking the trial Judge to recuse himself from continuing to sit on the alleged N1.4bn oil case on the basis of bias. …

• Bayo Adetu
• November 2, 2022
• BUSINESS
• 0 Comments

…as first draw holds on November 4 The first draw of the ongoing Polaris Save & Win promo is scheduled to hold on November 4, 2022. The draw which would be conducted electronically, holds at the Bank’s Victoria Island, Lagos headquarters, and would be broadcast live on all the Bank’s social media channels where winners that emerged would be contacted …

• Bayo Adetu
• October 30, 2022
• BUSINESS
• 0 Comments

Nigeria’s most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021.  According to the bank’s unaudited financial results for the third quarter of 2022, the grow in gross earnings …

• Bayo Adetu
• October 28, 2022
• BUSINESS
• 0 Comments

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022.   The Universities Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and …

• Bayo Adetu
• October 28, 2022
• BUSINESS
• 0 Comments

Retail lender, Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021. The increase can be attributed to new products that are focused on deep penetration and to drive volume …

• Bayo Adetu
• October 28, 2022
• BUSINESS
• 0 Comments

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit growth of 20% in gross earnings from NGN518.7 billion reported in Q3 2021 to NGN620.6 billion in Q3 2022. This performance demonstrates the Group’s resilience against a challenging macroeconomic environment.  According to the unaudited account presented to the Nigerian Exchange …

• Bayo Adetu
• October 27, 2022
• BUSINESS
• 0 Comments

Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s (‘’the Issuer’’ or ‘’the SVP’’) Series II Bond (‘‘the Issue’’ or ‘’the Bond’’) to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. The Issuer is a Special Purpose Vehicle (SPV) set up by Wema Bank Plc (‘’the Bank’’ or ‘‘the Sponsor’’) for the issuance of debt …

• Bayo Adetu
• October 27, 2022
• BUSINESS
• 0 Comments

Sterling Bank Plc, Nigeria’s leading commercial bank, has said there are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard, with a clear vision and commitment. Chairman of board of directors of the bank, Mr. Asue Ighodalo disclosed this in his address of welcome at the opening of the 2022 Agriculture …

• Bayo Adetu
• October 26, 2022
• BUSINESS
• 0 Comments

Polaris Bank is giving away millions of Naira in cash prices and other special rewards in its ongoing Save & Win promo. Over 4300 Nigerians will win varying cash prizes ranging from N25,000 to N1million in the promotion.  Below are four basic steps to qualify for a chance to win in the ongoing promo:  1. Download VULTe on iOS and …

• Bayo Adetu
• October 22, 2022
• BUSINESS
• 0 Comments

 …A new Board and Management team appointed Polaris Bank is pleased to announce that it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a new independent …