Category: Banking

L-R: Roosevelt Ogbonna, Group Managing Director, Access Bank Plc, and Sunil Kaushal, Regional CEO, Africa & Middle East, Standard Chartered at the signing of agreements for Access Bank’s acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Tanzanian Consumer, Private & Business Banking business in London on Friday.   Access Bank Plc (Access)…

In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution deviates remarkably from the average…

…. .As Bank battles liquidation, struggles to stay afloat A seeming boardroom crisis that may rock troubled Heritage Bank to its foundation is currently brewing in the bank, THE WITNESS exclusively reports. Competent sources within the bank told THE WITNESS that the imbroglio involves the current managing director and chief executive of the bank, Mr. Akinola George-Taylor…

……..They Disengaged Us With No Compensation After Using Us To Grow The Bank – Workers ………Bank, Union Meeting On Truce Ends In Deadlock The crisis rocking Polaris Bank Limited, one of Nigeria’s retail lenders, has continued to deepen as the lender has continued to swim in the sea of controversies, THE WITNESS reports. Recall, THE…

Zenith Bank Plc has launched the third season of its hugely successful “Zenith Beta Life Promo” to reward its customers with gifts from June 1, 2023, to May 31, 2024.   Within this period, twenty bank customers of Zenith Bank will be chosen through a bimonthly raffle draw, each receiving gifts valued at NGN150,000. Five…

The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named ‘Best Banking CEO of the Year in Africa’ in the International Banker 2023 Banking Awards. The award, published in the Spring 2023 Issue of the International Banker Magazine, sees Dr Onyeagwu honoured alongside other individuals and banks from the…

-How 6-month-old SCIL acquired lender with N1.2trn assets – The secret offshore companies involved in the deal -Embattled ex-Union Bank CEO, Emeka Emuwa uncovered as co-owner A fresh report by online newspaper, PREMIUM TIMES, has exposed more regulatory breaches in the acquisition of Polaris Bank Limited by Strategic Capital Investment Limited (SCIL) According to the newspaper, the trio…

  For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate…

At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the Civic Centre, Victoria Island, Lagos, on Tuesday, 2 May 2023, shareholders of the bank unanimously approved the proposed final dividend payment of NGN2.90 per share. This brings the total dividend for the 2022 financial year to NGN3.20 per share, with…

Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 28th April 2023,…