Jaiz Bank Plc, Nigeria’s pioneering non-interest bank, has earmarked a N10 billion facility to ensure a smooth Hajj and Umrah experience for tour operators in Nigeria. The Bank’s Managing Director/CEO, Haruna Musa, Ph.D., made this announcement during the 2nd National…
Sterling Bank has introduced a new feature on its OneBank app, known as ‘AlwaysOn by Sterling’, which offers eligible customers up to N1 million in monthly financial advances. Announcing the initiative in a statement on Friday, Chief Executive Officer Abubakar…
The Central Bank of Nigeria (CBN) has reported a remarkable turnaround, posting a profit of N38.8 billion after tax for 2024, a stark recovery from the unprecedented N1.15 trillion loss it recorded in 2023. The apex bank’s audited financial statement,…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The…
President Bola Tinubu has extended warm congratulations to WEMA Bank as it marks its 80th anniversary on 2 May, acknowledging the institution’s remarkable staying power and contributions to Nigeria’s banking sector. In a statement issued by presidential spokesperson Mr Bayo…
Fidelity Bank and Union Bank have announced an increase in the fee charged for SMS transaction alerts, citing an industry-wide rise in SMS costs by telecommunications providers. Fidelity Bank disclosed that, effective Thursday, May 1, 2025, SMS alert charges would…
The Securities and Exchange Commission (SEC) has identified another suspected illegal investment operation, this time involving an online platform known as TOFRO.COM (Tofro). In a notice issued on Thursday and circulated to journalists, the commission alerted the public to the activities of…
The Central Bank of Nigeria (CBN) has imposed a ¦ 250 million (approximately $190,000) fine on Nigerian fintech company Paystack for operating its peer-to-peer payment app, Zap, in breach of regulatory guidelines. This development was first reported by TechCabal and…
FCMB Group Plc held its 12th Annual General Meeting (AGM) in Lagos on 29 April 2025, where shareholders endorsed the company’s financial performance for 2024 and approved a series of resolutions aimed at strengthening its governance framework and accelerating future…
By Seun Ibiyemi Shareholders of Fidelity Bank, a leading tier-one lender, have commended the institution’s board and executive leadership for delivering a standout performance in the 2024 financial year. During the bank’s 37th Annual General Meeting (AGM), held virtually on…
