Sterling Bank Declares Bounty At 61st AGM
Sterling Bank Declares Bounty At 61st AGM Lagos, Nigeria: The shareholders of one of Africa's fastest growing companies, Sterling Bank, have commended the board of directors, executive management and staff of the bank on its remarkable financial performance for the 2022 year, resulting in a recommendation of dividends of 15 kobo per ordinary share; a fifty percent increase from that paid in 2021. The shareholders gave this commendation at the 61st annual general meeting of the bank held in Lagos on Wednesday. Speaking at the meeting, Mr…
Shareholders Commend Wema Bank Management on Good Corporate Performance
Shareholders Commend Wema Bank Management on Good Corporate Performance Nigeria's most innovative financial institution, Wema Bank Plc, held its 2022 Annual General Meeting yesterday May 31st, 2023 amidst encomiums over the sterling performance of the bank and the huge dividend payout. Specifically, shareholders of the bank commended the board and management for delivering a good result in the financial year. A shareholder, Mr. Badmos commended the bank for proposing to pay 30kobo dividend per unit of ordinary share, saying it is the …
WhiteBIT Expands Operations to Nigeria, Enabling Local Market Access to Global Crypto Trading
WhiteBIT Expands Operations to Nigeria, Enabling Local Market Access to Global Crypto Trading WhiteBIT, the one of the leading European cryptocurrency exchanges, is pleased to announce its official launch in Nigeria, signaling a significant milestone in expanding its global presence. As crypto enthusiasts worldwide continue to embrace WhiteBIT for its unwavering commitment to security, liquidity, execution speed, and user-friendly trading tools, the company is poised to revolutionize the crypto landscape in Nigeria. WhiteBIT's decision…
Customers Laud Polaris Bank Exclusive Banking Product
Customers Laud Polaris Bank Exclusive Banking Product ... Commend Partnerships and bundled investment initiatives Nigeria's leading Retail Bank, Polaris Bank has announced the launch of its exclusive banking product aimed at serving its High Net-worth Individuals (HNIs) seeking innovative investment options in challenging economic times. The unveiling which took place in Ikoyi, Lagos, on Tuesday was attended by esteemed guests, industry experts, and corporate customers from across the country. The exclusive banking proposition, d…
Naira devaluation’s fake news, says CBN
Naira devaluation’s fake news, says CBN The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy. According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates…
ZENITH BANK RECOGNISED AS 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA FOR THE FOURTH YEAR RUNNING
ZENITH BANK RECOGNISED AS 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA FOR THE FOURTH YEAR RUNNING For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance 'Financial Services' Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices i…
Stanbic IBTC Bank Nigeria PMI: Recovery from cash crisis continues in May
Stanbic IBTC Bank Nigeria PMI: Recovery from cash crisis continues in May Latest PMI data indicated that the Nigerian private sector continued to recover from the cash crisis in May as access to money improved and business conditions returned to normality. Output and new orders expanded for the second month running, with the latter increasing at the fastest pace in just over a year. Confidence remained historically subdued, however, meaning that firms continued to operate a cautious approach with regard to hiring. Input costs rose shar…
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