ZENITH BANK EXPANDS MARKET SHARE WITH 22% GROWTH IN GROSS EARNINGS IN Q1 2022

ZENITH BANK EXPANDS MARKET SHARE WITH 22% GROWTH IN GROSS EARNINGS IN Q1 2022 Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022.   From the unaudited statement of account presented to the Nigerian Exchange (NGX) on Thursday, 28th April 2022, the strong double-digit growth in the topline culminated in an increase in the bottom line, as the Group recorded an 11% Year-on-Year (YoY) …

Breaking: Access Bank sacks over 300 sta

Breaking: Access Bank sacks over 300 staff One of the major commercial banks in the country, Access Bank, has reportedly sacked over 300 staff across its branches in Nigeria. It was gathered that most of the affected workers were contract staff, who had put in a good number of years in the organisation. A source, who craved anonymity, said the bank has been using electronic means of communication (e-mail) to notify the affected bankers. On the number of staff affected, the source said it was difficult to know, as the bank ensured the sack no…

Voting For 8th Africa Magic Viewers’ Choice Awards Closes Friday Voting opened on March 19, following the announcement of nominees during the live broadcast on all Africa Magic Channels. The categories open for voting include Best Actor in a Comedy (Movie/TV Series); Best Actor in a Drama (Movie/TV Series); Best Actress in a Comedy (Movie/TV Series); Best Actress in a Drama (Movie/TV Series); Best Supporting Actor (Movie/TV Series); Best Supporting Actress (Movie/TV Series); Best Short Film or Online Video, Best Online Social Content Creator, …

Osun announces new school resumption date for third term

Osun announces new school resumption date for third term The Osun State Government has announced Monday, May 9, as the resumption date for the third term of the 2021/2022 academic session. This was contained in a Public Service Announcement signed by Adelani Aderinola, Permanent Secretary, Osun State Ministry of Education and obtained in Osogbo on Thursday. The PSA shared on the Facebook page of the ministry said the change in resumption date from May 2 to May 9 was informed by the May Day and Eid El Fitr holidays that would be observed in the…

Fed Govt withholds $418m deductions from states’ allocations

Fed Govt withholds $418m deductions from states’ allocations State governments heaved a sigh of relief yesterday as the Federal Government held back from deducting their April allocations to pay consultants for the Paris Club refund. The deduction was stopped because the state governments objected to it because they have appealed an earlier court ruling, which paved the way for the Federal Government to begin the deduction. A Federal High Court had dismissed a suit by the state governments trying to stop the Federal Government from deducting f…

UBA Posts 18% Growth In Earnings As Profit Hits N44.5bn

UBA Posts 18% Growth In Earnings As Profit Hits N44.5bn Africa’s global bank, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from N155.4 billion in 2021 to N183.9 billion; while operating income which stood at N106.6 billion as at March 2021, grew by N18% to N125.9 billion in the year under consideration. Th…

Yes, I Was Arrested For Fraud In US But Not Enough To Disqualify My Re-election – Ogun Governor, Dapo Abiodun

Yes, I Was Arrested For Fraud In US But Not Enough To Disqualify My Re-election – Ogun Governor, Dapo Abiodun  Ogun State Governor, Dapo Abiodun, has Titussaid his arrest in the United States over credit card fraud and forgery in 1986 is not sufficient grounds for his disqualification by the All Progressives Congress (APC). Abiodun disclosed this while responding to a petition submitted by an APC member, Ayodele Oludiran on behalf of Oluwatobi Sofela of Ogun Bibire Unity Forum to the National Chairman of the party, Abdulahi Adamu. Sofela had w…