ADDRESSING FALSE INFORMATION ALLEGING IMPENDING COMMERCIAL BANKING LICENSE SEIZURE AND BANK CLOSURE
ADDRESSING FALSE INFORMATION ALLEGING IMPENDING COMMERCIAL BANKING LICENSE SEIZURE AND BANK CLOSURE Recent industry occurrences have given rise to an influx of false information and propaganda targeted at causing unrest in the Nigerian financial services industry. Among this fake news is a WhatsApp messages alleging that a number of commercial banks stand at risk of losing their banking license and being closed; one of the banks mentioned was Wema Bank. We categorically confirm that this claim is FALSE and contrary to the reality of Wema Bank…
Fidelity Bank records largest single-day turnover volume of over 600 million shares
Fidelity Bank records largest single-day turnover volume of over 600 million shares Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. Since announcing its public offer and rights issue program, the bank’s stock has seen significant market activity. For the week ending June 7, 2024, it emerged as the top-traded stock, with a turnover volume of 229.613 million shares. After Fidelity Bank, Access Holdings r…
The Media Monitoring Industry in Nigeria: Key Players, Specialties, and the Need for an Association
The Media Monitoring Industry in Nigeria: Key Players, Specialties, and the Need for an Association By: Philip Odiakose The media monitoring industry in Nigeria plays a pivotal role in shaping the landscape of advertising and public relations (PR). This industry, through its various key players, provides essential services that ensure brands can effectively track their media presence, evaluate their campaigns, and make data-driven decisions. Despite its importance, the media monitoring industry in Nigeria remains underappreciated and lacks …
Sterling Bank Revolutionizes Credential Verification for SPPG with Blockchain
Sterling Bank Revolutionizes Credential Verification for SPPG with Blockchain Sterling Bank, a leading financial institution committed to driving innovation and progress, has partnered with the School of Politics, Policy, and Governance (SPPG) to revolutionize credential verification through blockchain technology. This collaboration marks a significant milestone in enhancing the efficiency, security, and accessibility of academic credentials in Nigeria. Acknowledging the pressing need for an effective solution, Sterling Bank has taken the…
Zenith leads as 5 banks rank top on ESG rating results
Zenith leads as 5 banks rank top on ESG rating results Zenith leads as 5 banks rank top on ESG ZENITH Bank Plc has emerged top out of 29 banks that were assessed based on their Environmental, Social and Governance (ESG) practices and reporting. A new survey by the Independent Project Monitoring Company (IPC) Limited ranked Zenith Bank first at 65.22 percent, followed by Access Bank at 60.33 percent. Placed at the third position is Stanbic IBTC Bank at 60.16 percent, Fidelity Bank came fourth at 57.73 percent, followed by the United Bank for …
Stanbic IBTC Capital, Best Local Currency Bond House at the EMEA Finance Awards 2023
Stanbic IBTC Capital, Best Local Currency Bond House at the EMEA Finance Awards 2023 R - L: Chuma Okoyechira, Energy and Infrastructure Associate, Investment Banking, Standard Bank; Tokunbo Aturamu, Head, Debt Capital Markets, Stanbic IBTC Capital; Shawny Dinis, Client Coverage Consumer Sector Associate, Standard Bank and Chris Mparutsa, Associate, Debt Capital Markets, Investment Banking, Standard Bank, receiving the awards for Best Local Currency Bond House in Nigeria and Best Equity House in Africa at the 2024 EMEA Finance Achievement Awa…
World Environment Day 2024: Nestlé Nigeria Volunteers Plant 1,000 Trees to Improve Climate Resilience
World Environment Day 2024: Nestlé Nigeria Volunteers Plant 1,000 Trees to Improve Climate Resilience •Nestlé Nigeria volunteers, plant 1,000 trees at the Nestlé Dairy Demonstration Farm in Abuja in collaboration with CBiIL, to mitigate the impact of adverse weather conditions. •One tree has the capacity to sequester about 20KG of carbondioxide/annum: Planting 1,000 trees contributes to Nestlé’s broader global mission of achieving net-zero greenhouse gas (GHG) emissions by 2050. •Nestlé Cares is the global employee volunteer platform that pr…
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