FIDELITY BANK OF CRISIS: N225 Billion Damages Verdict Sends Shocakwaves Through Nigerian Banking Sector

  ……. As Investors Freak Out Fidelity Bank is staring at financial disaster after a unanimous Supreme Court ruling ordered the banking giant to pay a staggering N225.29 billion in damages to Sagecom Concept Ltd, a Nigerian firm. This development has sent shockwaves through the financial sector, with many questioning whether Fidelity can survive this…

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GTCO SUSTAINS PROFITABILITY MOMENTUM WITH GROWTH IN CORE INCOME – DECLARES A PBT OF N300.4BILLION IN Q1 2025

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 Group reported profit before tax of ₦300.4billion on the back of strong performance posted on the core earnings…

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ZENITH BANK DELIGHTS SHAREHOLDERS WITH DIVIDEND PAYOUT OF N195.67 BILLION, PROMISES QUANTUM LEAP IN FUTURE DIVIDENDS

  Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved the proposed final dividend payment of NGN4.00 per share, bringing the total dividend for the 2024 financial year to NGN5.00 per share, with a total value of NGN195.67…

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ZENITH BANK MAINTAINS IMPRESSIVE TRACK RECORD AS PBT HITS N1.3 TRILLION, PROPOSES N4.00 FINAL DIVIDEND

Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in Nigeria’s banking industry. According to…

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HABARIPAY’S SQUAD ANNOUNCES DATES FOR TAKE ON SQUAD HACKATHON 2.0… INVITES APPLICATIONS FROM YOUNG INNOVATORS ACROSS AFRICA

HabariPay’s Squad, payment fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), today announced dates for its annual social coding competition. Building on the success of the inaugural edition, “Squad Hackathon 2.0” is set to take place from the 13th–15th of March 2025 at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta,…

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Access Bank Appoints Uche Orji as Independent Non-Executive Director 

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of  its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).  This appointment reflects our commitment to enhancing our governance practices and…

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GTCO PLC Announces Successful Completion of the 1st Phase of Its Equity Capital Raise Programme; Raises ₦209 Billion

Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the…

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