RevolutionPlus Signs Star Actress, Omoni Oboli as brand ambassador

Leader in property development and housing, RevolutionPlus Property Ltd has struck a dual partnership with star actress Omoni Oboli as the company unveiled the leading role interpreter in the movie industry as its latest brand ambassador. According to Bamidele Onalaja, Chief Executive Officer of RevolutionPlus, the deal will see Omoni Oboli headline mostly the construction arm of RevolutionPlus while the company will in turn partner with the actress on two of her upcoming projects; Sisi London and Unfaithful.   Onalaja had earlier hinted that the RevolutionPlus settled for Oboli out of…

Read More

Balogun market traders lose millions of naira to fire incident

Some traders of the popular Balogun market on Lagos Island, on Tuesday, November 5, 2019 lost goods worth millions of naira to the fire incident that consumed a five-storey building that serves as a shopping plaza to the occupiers. An eyewitness, recount “We just saw the plaza burning and we do not know what actually caused the fire.  Area boys tried to put out the fire but couldn’t because of the intensity. We then called the Fire Service’’, he said. He said the items destroyed included textile materials, shoes and…

Read More

3rd Quarter: Union Bank’s profit rises by N15.6 bn

One of Nigeria’s oldest financial institutions, Union Bank Nigeria Plc has recorded a profit before tax of N15.6 billion for its unaudited financial statement for the period ended September 30, 2019, Q3’19 representing a growth of five per cent from N14.9 billion recorded in the corresponding period of 2018. In its financial statement sent to the Nigerian Stock Exchange, its gross earnings was down by four per cent to ₦117.2 billion from N122.2 billion in Q3’18, a situation attributed to a decrease in average earning assets.  The Bank’s interest income was…

Read More

Access Bank’s profit rises by 44 percent in nine months

Reflecting the positive impact of its merger with former Diamond Bank Plc, Access Bank Plc has reported a significantly improved performance for the nine months ended September 30, 2019. The bank posted a growth of 44 per cent in profit after tax (PAT) to N90.7 billion in 2019, up from N62.9 billion in the corresponding period of 2018. The breakdown showed that Access Bank Plc ended the period with net interest income of N210 billion, compared with N123 billion in 2018, while non-fee income rose from N37 billion to N56…

Read More

Fidelity Bank Seeks Better Data Sharing In Retail Growth  

The Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua has advised data validation agencies and organisations to adopt appropriate policies that provide financial institutions with the required flexibility to utilise available customer data. Joshua who gave the counsel during a panel session at the 10th anniversary celebration of Verve in Lagos recently, explained that this would assist banks in the country drive new levels of customer engagements across digital channels and systems. He harped on the need for data generating institutions in Nigeria to explore fresh ways to collaborate with…

Read More

N4.2billion debt: AMCON seeks judgement against Al Kahf Resources owner, Badamasi Sheu

Asset Management Corporation of Nigeria has filed an application before a Federal High Court in Lagos, urging the court to enter  judgement in its favour in the sum of N4,282,918,018.43, against a businessman, Alhaji Badamasi Sheu and his company, Al Kahf Resources Limited.  In an affidavit in support of an application for summary judgement sworn to by a supervisor with AMCON- Mr. David George, and filed before the court by a Lagos lawyer, Barrister Asama Kadiri, the deponent alleged that sometimes in 2006 Al Kahf Resources Limited approached Oceanic Bank…

Read More

GAIM Season 4 -Fidelity Bank Promotes savings Culture

  One of Nigeria’s top lender, Fidelity Bank Plc, on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted efforts to promote the culture of savings amongst Nigerians. The Savings campaign which will ride primarily on digital technologies is one of the many initiatives of the bank aimed at rewarding new and existing customers for their unwavering loyalty and patronage. Dubbed “Get Alert In Millions (GAIM) Season 4”, the savings promo is expected to run till April 2020, a duration of six months and…

Read More

Fidelity Bank urges public to disregard malicious claims

  One of the nation’s leading banks, Fidelity Bank has advised it’s teeming customers and members of the public to disregard the malicious stories and lies of some mischievous individuals being circulated against the Bank. ln a Statement signed by Mr. Charles Aigbe, the Bank’s Divisional Head, Brand and Communications, it reads: “Our attention has been drawn to the planned disruption of service and social media attacks on the Bank by a few outsourced staff who were recently recalled by their employers. The move, which is the handiwork of the…

Read More

Wema Bank Supports Education for Children through Scholarship Awards

Wema Bank Plc – the inventor of Nigeria’s first fully digital bank, ALAT – has rewarded 20 of its Royal Kiddies Account holders as the financial institution announced winners of the Wema Education Awards for 2019.  Given the earlier announcement to provide education support for its customers, a total of 20 winners emerged with six coming from the bank’s Lagos Region, five from South West and three each from South East, South-South and the Northern region.  Speaking at the draw held at the bank’s headquarters in Lagos on Wednesday, September 25, Dotun…

Read More

Wema Bank Partners UNEP to promote Climate Action and Sustainability

Wema Bank has become one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles for Responsible Banking, Wema Bank joins a coalition of 130 banks worldwide, representing over USD 47 trillion in assets, in committing to taking on a crucial role in helping to achieve a sustainable future. Taking place at the start of the UN General Assembly, the official launch of the Principles for Responsible Banking…

Read More