FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn
FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share Lagos, Nigeria, March 29, 2025: Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank's results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase …
JMG Felicitates Muslims on Eid el-Fitri Festival, Urges Memorable Celebration
JMG Felicitates Muslims on Eid el-Fitri Festival, Urges Memorable Celebration JMG Limited , a premier provider of electro-mechanical solutions in Nigeria, celebrates with Muslim Faithful on their Eid-el-Fitri festival, in commemoration of the successful one-month Ramadan fasting, urging them to remain committed to the tenets of the Islamic religion. The company also calls on Muslims to have a peaceful celebration and uphold rightness with love and unity to ensure a peaceful festival. The Group General Manager of JMG Limited, Rabi Jammal, averr…
INJUNCTION AND STAY OF EXECUTIONCARGO REMAINS UNDER ARREST
INJUNCTION AND STAY OF EXECUTIONCARGO REMAINS UNDER ARREST In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of debt recovery. This is quite surprising considering the fact that the order sought is to prevent further fraudulent sale of crude on the FPSO. Shockingly, the court also held that the Arrest Order against the cargo, because it was exparte in nature, expired by eff…
Women still face barriers to leadership – Kaita
Women still face barriers to leadership – Kaita ...Julius Berger marks International Women’s Day with calls for action on gender equality Julius Berger Nigeria Plc marked International Women’s Day (IWD) with events in Abuja, Lagos, Warri, Port Harcourt, and Uyo, reinforcing its commitment to gender equality and workplace inclusion. In a display of companywide unity, employees across these locations gathered for keynote speeches, panel discussions, and interactive sessions under the global theme #AccelerateAction for Gender Equality, with a foc…
Stanbic IBTC Pension Managers revitalises Government Day Secondary School in Akampka, Cross River State
Stanbic IBTC Pension Managers re vitalises Government Day Secondary School in Akampka, Cross River State Stanbic IBTC Pension Managers, a Pension Fund Administrator in Nigeria , is pleased to announce the successful completion of its renovation initiative at the Government Day Secondary School in Akampka - a crucial step in addressing the numerous challenges faced by this educational institution. The school, which serves 850 students and 40 staff members from six local communities, has undergone substantial improvements to foster a c…
MultiChoice unveils relief measures for DStv, GOtv subscribers amid tariff adjustment
MultiChoice unveils relief measures for DStv, GOtv subscribers amid tariff adjustment Leading pay television service provider MultiChoice Nigeria plans to offer a support package for DStv and GOtv subscribers. In a message to subscribers on Monday, the company stated that starting from 1 March, new tariffs will apply to DStv and GOtv packages. According to the company, DStv and GOtv subscribers who renew their subscriptions before the expiration date will be exempt from the new rates for a specified time as a reward for their loyalty. Addition…
Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY
Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from N327.4 billion within the period under review – an indication of sustained retail growth an…
WEMA AT 80: 80 WINNERS TO EMERGE IN 80TH DAILY DRAW OF WEMA BANK 5 FOR 5 PROMO SEASON 4*
*WEMA AT 80: 80 WINNERS TO EMERGE IN 80TH DAILY DRAW OF WEMA BANK 5 FOR 5 PROMO SEASON 4* In anticipation of its 80th anniversary, Wema Bank, Nigeria's foremost innovative bank and pioneer of Africa's first fully digital bank, ALAT, will be rewarding 80 customers with cash prizes in its Wema Bank 5 for 5 Promo Season 4 80th daily draw, set to hold virtually at 4 p.m. on Monday, February 24, 2024. Wema Bank launched its 5 for 5 Promo in 2019 as an avenue to reward its customers for their active loyalty to the brand and its products. S…
Disregard False Claims About Quality Of Our PMS — NNPCL
Disregard False Claims About Quality Of Our PMS — NNPCL … Says it’s ‘misleading, incredible and baseless’ The Nigerian National Petroleum Company Limited (NNPCL) has urged the public to disregard certain claims in a viral video that suggested its Premium Motor Spirit (PMS), also known as petrol does not last as long as that of Dangote Petroleum Refinery’s PMS brand. Olufemi Soneye, Chief Corporate Communications Officer at NNPCL, in a statement Saturday, February 15, 2025, said the claim is misleading, false, baseless and entirely unfounded…
Wema Bank Kicks Off 80th Anniversary Celebration with “80 Years of Spreading Love” Valentine Campaign
Wema Bank Kicks Off 80th Anniversary Celebration with “80 Years of Spreading Love” Valentine Campaign Wema Bank has kicked off its 80th-anniversary celebration with the launch of its “80 Years of Spreading Love” Valentine campaign, running from February 1st to 28th, 2025. This campaign is the first in a series of exciting activities leading up to the bank’s grand 80th anniversary on May 2, 2025, and is designed to reward customer loyalty, strengthen connections, and create unforgettable experiences through 80 Acts of Love. With rewards tailo…
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Polaris Bank, partners take presentation of school essentials to Gbaja Girls Secondary Schools, Lagos
Polaris Bank, partners take presentation of school essentials to Gbaja Girls Secondary Schools, Lagos Polaris Bank and one of its strategic CSR partners, Evolve Trust Charity on Wednesday stormed Gbaja Girls (Junior and Senior) High School, Surulere, Lagos in continuation of its presentation of school essentials programme to selected public school students in the country. L-R: Divisional Head, SURULERE Business, Dr. Bimbo Akorede; Principal Gbaja Junior Girls School, Mrs.Tawakalitu Dahiru; ED, Corporate & Investment Banking, Polaris Bank,…
Stanbic IBTC Capital leads Presco PLC’s ₦82.9 Billion Bond Issuance to drive West African market growth
Stanbic IBTC Capital leads Presco PLC’s ₦82.9 Billion Bond Issuance to drive West African market growth Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the "Transaction") with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as the Lead Issuing House on the Programme. The proceeds from the Tr…
Dangote refinery exports two cargoes of jet fuel to Saudi Aramco in Saudi Arabia
Dangote refinery exports two cargoes of jet fuel to Saudi Aramco in Saudi Arabia … NESG says FG Must Support Domestic Industries to Achieve a $1 Trillion Economy Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. 102: President/CEO, Dangote Group, Aliko Dangote; Vice President (Oil & Gas), Dangote Group, Mr Devakumar Edwin; Chairman, Nigerian Economic Summit Group (NESG),…
“I'm telling the world, Nigeria is open for business. We are digital” says Nigerian Trade Minister
“I'm telling the world, Nigeria is open for business. We are digital” says Nigerian Trade Minister CNN’s Richard Quest spoke to Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment, last week at the World Economic Forum Annual Meeting in Davos. She discussed how her country is slowly but surely changing its business climate. As Nigeria’s Trade Minister, Oduwole tells Quest that “for the last nine years, I've been working on business climate reforms. Over 200 verifiable reforms implemented by or verified by the World Ba…
ALEBIOSU: IN LINE WITH OUR VISION, FIRSTBANK IS WELL-POSITIONED TO BREAK NEW GROUNDS IN 2025 AND BEYOND
A LEBIOSU: IN LINE WITH OUR VISION, FIRSTBANK IS WELL-POSITIONED TO BREAK NEW GROUNDS IN 2025 AND BEYOND As the foremost Nigerian bank, First Bank of Nigeria Limited no doubt has a history of curating products and services that not only meet the immediate and future needs of its customers. In this interview with THISDAY, the bank’s Managing Director/Chief Executive Officer, Mr. Olusegun Alebiosu described 2025 as the beginning of the bank’s new strategic planning horizon when it is poised to double down on its market dominance position across…
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