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…
A Federal High Court in Lagos has jailed cross-dresser Idris Okuneye, better known as Bobrisky, with no option of fine. Here are some of the reasons why the cross-dresser was sentenced to prison:. His charges His sentencing comes after the Economic and Financial Crimes Commission (EFCC) had arraigned him on a six-count charge. The court…
In a country with short-lived corporate excellence and a handful of centenary companies, hitting 130 years is undoubtedly a significant milestone for Nigeria’s premier financial institution, FirstBank. GEOFF IYATSE writes. Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of Nigeria Limited (FirstBank) and its consistent reinvention…
Olubadan-designate, Oba Owolabi Olakulehin The Otun Balogun Olubadan of Ibadanland, Oba Abimbola Ajibola, on Tuesday, declared that the Olubadan-designate, Oba Owolabi Olakulehin, is still ill and not physically fit to rule at the moment. Olubadan stool became vacant after the demise of the late Olubadan of Ibadanland, Oba Lekan Balogun, who reigned for two years…
….Declares N2.30 kobo Final Dividend ….Total Assets Rise by 90.2% to N20.65 trillion ….Shareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%. In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing exceptional and impressive performance…
Politics, they say is a game of interest. No permanent friend, no permanent enemy but permanent interest. But in every sphere of life, there’s morality and a man is best respected by his principles and the values he stand for. There’s this school of thought that says “if you don’t stand for anything, you fall…
Billionaire banker and philanthropist, Tony Elumelu, says he is evaluating viability of owning a Nigerian Premier Football League club as part of his Coporate Social Responsibility. Elumelu made this known on Monday via his X handle after reacting to a post from another user Adebayo Mustapha, who suggested that the President and Ministry of Sports…
The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies as collateral for naira loans within 90 days. The development happened as the naira rose against the greenback at both the…
The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu. The Economic and Financial Crimes Commission is probing 50 bank accounts, as it recovered N30 billion in the case of the suspended Minister of Humanitarian Affairs, Betta Edu, and the ongoing probe of the ministry over alleged money laundering. The latest development was revealed…
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread not more…
