ZENITH BANK ON TRACK TO SURPASS 2023 RESULTS WITH 189% GROWTH IN Q1 EARNINGS
ZENITH BANK ON TRACK TO SURPASS 2023 RESULTS WITH 189% GROWTH IN Q1 EARNINGS Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 3rd May 2024, this impressive growth in the topline al…
Aliko Dangote Foundation tasks faith leaders on malnutrition and hunger within Nigeria
Aliko Dangote Foundation tasks faith leaders on malnutrition and hunger within Nigeria The Aliko Dangote Foundation (ADF) has underscored the pivotal role of religious and traditional institutions in tackling the pressing issues of malnutrition and hunger within Nigeria. DSC1220: L-R: Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi ; Executive Director, Dangote Sugar Refinery Plc, Mariya Aliko Dangote; and Chairman, Dangote Sugar Refi…
ZENITH BANK, AfCFTA JOIN FORCES TO REVOLUTIONIZE AFRICAN TRADE
ZENITH BANK, AfCFTA JOIN FORCES TO REVOLUTIONIZE AFRICAN TRADE L-R: Chairman of Zenpay Limited, Dr. Ebenezer Onyeagwu and the Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, His Excellency Wamkele Mene, during the signing of an agreement for the development and deployment of the SMARTAfCFTA Portal to facilitate trade within the African continent, at Zenith Bank Headquarters, Ajose Adeogun Street, Victoria Island, Lagos on Friday. Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an …
Many dead, houses razed as Nigeria records another tanker explosion
Many dead, houses razed as Nigeria records another tanker explosion No fewer than eight persons have so far been confirmed dead in a fire incident involving an oil tanker in Ometan community, in Okpe local government area of Delta State. It was gathered that the incident occurred on Friday when the ill-fated tanker coming from Effurun reportedly lost control while overtaking another truck a few metres away from the boundary bridge between Uvwie and Okpe Local Government Area. According to eyewitnesses, the front part of the oil tanker sudde…
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024 Lagos, Nigeria, May 2, 2024: In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024. According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from …
Stanbic IBTC Bank Nigeria PMI: New orders rise as inflationary pressures ease
Stanbic IBTC Bank Nigeria PMI: New orders rise as inflationary pressures ease Inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase costs and selling prices in March. Rates of inflation remained elevated, however, and limited growth of output and new orders as well as leading some firms to reduce employment. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on th…
Stanbic IBTC Asset Management launches Investbeta game show
Stanbic IBTC Asset Management launches Investbeta game show Stanbic IBTC Asset Management has launched the Investbeta game show, a distinctive and innovative initiative to improve financial literacy among young adults. The Investbeta game show will offer engaging quiz-style challenges covering various critical financial segments. From savings and budgeting to investments and retirement planning, the platform aims to teach financial education in a fun and memorable way, as participants compete for a slice of the ten million Naira investment…
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