GTBank Drags 60 Bank Chiefs To Court
GTBank Drags 60 Bank Chiefs To Court Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor Borrowers Programme loan lingers. The 60 executives including the chairmen, chief executive officers, directors, and company secretaries of the 13 banks are facing contempt proceedings for allegedly failing to implement a No-Debit-Order reportedly placed on the accounts of Afex Commodity Exchange with the banks. In suit no FHC/L/CS/…
Union Bank Advocates for Environmental Restoration; Commemorates World Environment Day
Union Bank Advocates for Environmental Restoration; Commemorates World Environment Day Lagos, Nigeria—Union Bank, one of Nigeria’s foremost financial institutions, has reemphasised the need to preserve and restore the global habitat through sustainable environmental practices. This clarion call was made during an event organised in partnership with the Nigerian Conservation Foundation to commemorate this year’s World Environment Day. The program, held on June 5th, 2024, at the Lekki Conservation Centre in Lagos State, brought together variou…
Amo Farm Celebrates Eid el-Kabir
Amo Farm Celebrates Eid el-Kabir Amo Farm Sieberer Hatchery Limited extends its best wishes to all during Eid el-Kabir. This annual celebration, known for its emphasis on sacrifice and generosity, is a time for giving and sharing with the less privileged. Eid el-Kabir serves as a reminder of the importance of virtues such as love, peace, and unity, values that transcend religious boundaries. Amo Farm encourages everyone to embrace these virtues during the festive period and beyond. Dr. Ayoola Oduntan, Managing Director of Amo Farm, emphasizes…
AT EID, GLO FELICITATES NIGERIAN MUSLIMS
AT EID, GLO FELICITATES NIGERIAN MUSLIMS Telecommunications service provider, Globacom, has rejoiced with Muslims all over Nigeria on the celebration of the 2024 Eid-El-Kabir. In a message of goodwill released in Lagos on Saturday, the company asked the Muslim community to take advantage of the occasion and offer prayers for the nation’s prosperity, unity, and well-being. The company noted in the statement: “We felicitate with the Muslim Ummah in Nigeria as they celebrate the Eid-El-Kabir festival. We call on them to use the occasion to co…
FBNH FY 2023 and Q1 2024 Results Rebound Looks Promising as Net Profit Rises +124.14%
FBNH FY 2023 and Q1 2024 Results Rebound Looks Promising as Net Profit Rises +124.14% “ In this life, rain is going to fall, but the sun will shine again,” - Kwame Alexander When Loans Go Bad. Despite a turbulent decade, FBNH, Nigeria’s oldest financial market lender, has demonstrated remarkable resilience in overcoming odds associated with a legacy institution. It has effectively tackled issues such as board governance recalibrations, high cost-to-income ratios (CIRs), poorly balanced loan asset distribution, large non-performing loans …
Obasa, Others Declare Support For Protection Of Vulnerable Boys
Obasa, Others Declare Support For Protection Of Vulnerable Boys - as Sanwo-Olu's wife visits Lagos Assembly The First Lady of Lagos State, Dr. Ibijoke Sanwo-Olu, on Friday led a team of young boys to the House of Assembly as part of a mentorship programme she initiated for the boy-child. The First Lady, who arrived with the wife of the Deputy Governor, Mrs. Oluremi Hamzat, was received by the Speaker of the House, Rt. Hon. Mudashiru Obasa, and members at a special plenary session held to encourage the children. Advising the young boys, …
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Fidelity Bank public offer, rights issue to open Thursday June 20
Fidelity Bank public offer, rights issue to open Thursday June 20 Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue. As part of this capital raising process, Fidelity Bank will same Thursday, June 20, 2024 at the NGX hold a Facts Behind the Offer presentation. According to an article posted on the Businessday website and authored by Iheanyi Nwachukwu, 3.2 billion ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares …
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