• Bayo Adetu
• June 5, 2022
• BUSINESS
• 0 Comments

FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of non-performing loans (6.1%). Its capital adequacy ratio (CAR) increased to …

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

Sterling Bank Plc, Nigeria’s leading digital bank, has launched a new and innovative digital product, known as the Imperium Platform, in a bid to connect consumers and providers of renewable energy (solar solutions) as a viable solution to Nigeria’s electricity crisis. The Imperium Platform was launched following the unveiling of the Nigerian electricity industry report entitled, “Powering Nigeria: How Solar …

• Bayo Adetu
• June 1, 2022
• BUSINESS
• 0 Comments

Dairy leader and maker of Peak, Three Crowns, Coast, Olympic and Nunu brands of milk FrieslandCampina WAMCO Nigeria PLC has announced 35% revenue growth and 1-for-1 bonus at its 49th Annual General Meeting held recently at the Sheraton Hotel, Ikeja, Lagos.  Operating Results and Performance: The Company achieved strong volume and value growth compared with the previous year despite the …

• Bayo Adetu
• June 1, 2022
• BUSINESS
• 0 Comments

The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX). Wema Bank proved its mettle in the key metrics of total assets growth, customer deposit growth, profit after tax growth, …

• Bayo Adetu
• June 1, 2022
• BUSINESS
• 0 Comments

Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade has explained that the “raison d’etre for launching the Bank’s latest retail product called Yanga is to create a unique product proposition aimed at empowering the underbanked women entrepreneurs in Nigeria”. Akinmade, who stated this during a chat with the media, citing a recent EFInA report, said …

• Bayo Adetu
• June 1, 2022
• BUSINESS
• 0 Comments

With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, …

• Bayo Adetu
• May 23, 2022
• BUSINESS
• 0 Comments

Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a Memorandum of Understanding (MoU) with the Nigerian Optometrist Association (NOA) to automate operations, enhance capacity and provide funding at competitive interest rates for members of the association. Speaking at the signing ceremony of the MoU in Lagos recently, Mrs. Ibironke Akinmade, Group Head, Health Finance of Sterling Bank, said the …

• Bayo Adetu
• May 23, 2022
• BUSINESS
• 0 Comments

In collaboration with Interswitch, FirstBank has launched a promo to reward users of the FirstMobile app, its industry-leading mobile banking application. The promo tagged FirstMobile Cash-out Promo will run for 3 months. The promo, which started on Monday, 21st March 2022 will end on Tuesday, 21st June 2022. Various prizes including, N1,000,000, N40,000, N10,000.00 cash prizes, N40,000 Airtime, LED Televisions, …

• Bayo Adetu
• May 21, 2022
• BUSINESS
• 0 Comments

It was all bliss, glamour, entertainment and good company as OPPO Nigeria Kicked off Unlimited Me, In Portrait campaign to Unveil Reno 7 on 17th May with a grand event at Ebony Life Place in Lagos, Nigeria. The leading global smartphone innovators is at the top ladder of innovation and technology. Reno 7 the Portrait Expert was launched following the …

• Bayo Adetu
• May 20, 2022
• BUSINESS
• 0 Comments

One of Nigeria’s leading telecom executives, Lanre Olaniyan, has stepped down from his position as the Managing Director of Omnicom Solutions Limited after 14 years of managing the company’s affairs. Confirming the news on Monday, May 16, 2022, Olaniyan explained that contrary to the usual expectation, he did not quit the company but only decided to step aside to focus …