By Seun Ibiyemi Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2026, with a 6 per cent growth in Gross Earnings, from N950 billion reported in Q1 2025 to N1.01 trillion in Q1 2026. This is despite the challenging operating environment and tightening monetary policy stance. From the…
By Seun Ibiyemi The Nigerian naira recorded a relatively stable performance on Monday, reflecting improved liquidity conditions and continued policy interventions by monetary authorities to stabilise the foreign exchange market. At the official window, the local currency traded within a narrow range against the U.S. dollar, signaling a degree of market confidence as supply conditions…
By Seun Ibiyemi The Debt Management Office (DMO) has opened subscriptions for the May 2026 Federal Government (FGN) Savings Bonds, offering Nigerians investment opportunities with returns of up to 14.525 per cent per annum. The offer, announced on behalf of the Federal Government of Nigeria, runs from May 4 to May 8, 2026, with settlement…
The United Bank for Africa (UBA) has dismissed as false and malicious a viral social media claim alleging that its Group Chairman, Mr. Tony O. Elumelu, has divorced his wife, describing the publication as a deliberate attempt to mislead the public and damage reputations. In a statement issued by the bank’s Group Head of Brand,…
…posts N67.07bn revenue By Seun Ibiyemi Customer deposits in Wema Bank have surged to N3.29 trillion for the first quarter ended March 31, 2026. This is as the Bank sustained its upward trajectory reporting a significant expansion in its bottom line for the first quarter ended March 31, 2026. Building on a record-breaking 2025 performance,…
By Seun Ibiyemi The shareholders of Guaranty Trust Holding Company Plc (GTCO), yesterday commended the management of the financial institution for the highest dividend payout of N12.76 kobo in the Nigerian’s banking sector for 2025 financial year. The shareholders yesterday at the GTCO’s 5th Annual General Meeting (AGM) lauded the Group’s impressive 2025 financial year…
By Seun Ibiyemi SunTrust Bank Nigeria Limited has announced the appointment of Mrs. Kudi Badmus, FCA, as its new Executive Director, in a move aimed at strengthening the bank’s leadership team and accelerating its growth strategy. The bank said Badmus brings over three decades of professional experience spanning banking, energy, and infrastructure sectors, positioning her…
By Seun Ibiyemi United Bank for Africa (UBA) Plc has reported an 11.8 per cent increase in customer deposits for the financial year ended December 31, 2025, as deposits rose to N27.2 trillion from N24.3 trillion recorded in 2024. The bank disclosed this in its audited financial results released through the Nigerian Exchange Ltd. over…
Polaris Bank Ltd and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have inaugurated an Export Express Support Centre aimed at strengthening Nigeria’s non-oil export sector and providing practical support for exporters, especially Micro, Small and Medium Enterprises (MSMEs). The stakeholders at the launch event stressed that stronger partnerships among financial…
By Seun Ibiyemi Providus Bank has strengthened its national expansion drive with the commissioning of a new branch in Ado-Ekiti, a move aimed at deepening financial inclusion and improving access to banking services across key economic centres. The development was disclosed by the bank’s Group Head of Brand and Corporate Communications, Dafe Ivwurie, as the…
