AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education
AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African Union Summit 2024, "Educate and Skill Africa for the 21st Century." Hassan Yusuf, the Managing Director of The Alternative Bank, unveiled this plan in a press release, highlighting the…
Q1 2024 Media Sentiment: Nigerian Banking, Fintech, and Telecom Sectors Thrive Despite Economic Challenges
Q1 2024 Media Sentiment: Nigerian Banking, Fintech, and Telecom Sectors Thrive Despite Economic Challenges Nigeria’s commercial banking, fintech, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2024 despite the weakening of the Naira against the Dollar and its effect on businesses across the country. These were further enhanced by the remarkable data it gave the media in the first quarter of the year. This media analysis monitors more than 1.3 million online publicati…
Dangote crashes Diesel price to N1,000 per litre
Dangote crashes Diesel price to N1,000 per litre In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre. This significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the s…
Fidelity Bank grows Profit by 131.5% in FY 2023
Fidelity Bank grows Profit by 131.5% in FY 2023 - Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024 : Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth in Net interest income which increased from N152.7billion to N277.37 b…
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the “Transaction”). The Transaction was issued under its newly established ₦50 billion Multi-Instrument Issuance P…
Iran: Biden an ’embarrassment’ to US for urging Israel not to retaliate – ex-Trump aide
Iran: Biden an ’embarrassment’ to US for urging Israel not to retaliate – ex-Trump aide John Bolton, South Korea U.S. President Donald Trump has asked John Bolton, his national security adviser, to resign, citing strong differences of opinion. National Security Adviser, under President Donald Trump, John Bolton says the “wide range” of possible deterrents he believes Israel has to attack Iran, and why he says he would call the President an embarrassment to the US. Recall President Joe Biden warned Prime Minister Benjamin Netanyahu that the U.…
ZENITH BANKS ENDS 2023 ON A HIGH WITH REMARKABLE TRIPLE-DIGIT TOPLINE AND BOTTOM-LINE GROWTH
ZENITH BANKS ENDS 2023 ON A HIGH WITH REMARKABLE TRIPLE-DIGIT TOPLINE AND BOTTOM-LINE GROWTH Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this impressive triple-digit growth in gross earnings resulted in a Year-on-Year (YoY) increase of 180% in Profit…
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