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Executive Promotions In UBA Group, as Oliver Alawuba becomes new MD/CEO

Written by 01 August, 2022
One of Nigeria and Africa’s largest Bank’s United Bank for Africa, UBA is set to announce Oliver Alawuba as its new Managing Director/CEO.

Keystone Bank launches Apprentice Settlement Savings account for business owners

Written by 01 August, 2022
Keystone Bank Limited, one of Nigeria’s leading retail lenders, has launched a special savings account for business owners tagged: ‘Keystone Apprentice Settlement Savings Account.’

Wema Bank records impressive financial performance in 2022 Half-Year Reports

Written by 30 July, 2022
Wema Bank Plc, pioneer of Africa’s first fully digital bank and one of Nigeria’s most resilient banks, has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This information is contained in the Financial Results for the Period Ended 30 June, 2022 released in Lagos on 28 July, 2022.

$1.5m debt: Court freezes billionaire, Muhammadu Indimi’s Oriental Energy bank accounts

Written by 26 July, 2022
Justice Chukwujekwu Aneke presiding over a Federal high court in Lagos south west Nigeria,has restrained an Oil exploration and production company in Nigeria, Oriental Energy Resources Limited, and 13 banks listed before the court, wether by themselves Directors, Officers, or Agents, from withdrawing, transferring, removing any funds, properties or assets, outside the jurisdiction of Nigeria or encumbering any funds belonging to or held to the account of the Company with the banks except for payments of normal salaries.

Bayelsa Govt. seeks Heritage Bank support on youth devt in sport

Written by 25 July, 2022
The Bayelsa State Government has indicated interest in partnering Heritage Bank Plc on youth empowerment and sport development.

For over a decade, ZENITH BANK remains its position as number one bank in Nigeria

Written by 25 July, 2022
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the thirteenth consecutive year, the Bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75 billion, emerging as the 460th Bank globally.

Economy: Dangote Petrochemical Plant to Position Nigeria as Polypropylene Hub in Africa

Written by 24 July, 2022
The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote.

Dangote Industries Completes Issuance Of ₦187.6bn Series 1 Fixed Rate Senior Unsecured Bond, Marking Nigeria’s Largest Corporate Bond Issuance

Written by 19 July, 2022
Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest corporate bond ever issued in the history of the Nigerian capital market.