Category: Business

Booklovers in Lagos were treated to an afternoon of uplifting creative interactions at a book reading event organized by Guaranty Trust Bank (Guaranty Trust) on Sunday, October 9, 2022, at the Herbert Macauley Library, Yaba. The event is an offshoot of Guaranty Trust’s You Read initiative which aims to champion continuous learning and promote a reading culture across Africa as part of its CSR policy. The selected literature for the book reading was, Nearly All the Men in Lagos Are Mad by Damilare Kuku – a work of fiction that…

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First Bank of Nigeria Limited has partnered with Junior Achievement Nigeria to implement the 22nd National Company of the Year (NCOY) competition which will be held on Thursday, 13th October 2022. The annual flagship event which was last held physically in 2019 will bring together 12 winning student companies from the Regional Company of the Year competition to compete for the National Company of the Year award sponsored by First Bank of Nigeria Limited. The winner of the National Company of the Year competition will proceed further to represent Nigeria…

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Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating 12 other banks. According to a special report on the Nigerian banking performance in the first half of 2022 prepared by Nairametrics, Wema Bank ranked first in one category, second in three categories and third in one category. Stanbic IBTC and First Bank came second and third respectively.. The key metrics considered in the report are total asset…

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Kogi State Government, yesterday, sealed Dangote Cement Factory, Obajana, following agitation by Kogi indigenes over what they termed questionable circumstances surrounding the acquisition of the company. The Kogi State House of Assembly had ordered the closure of the company after its investigation revealed that the cement factory allegedly had no valid acquisition for the company. Jubilant youths, who had trooped to the company on hearing the news of the closure, chased workers away but were stopped by Kogi officials, who promptly waded in to avoid damage. The youths claimed that…

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L First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022. The event themed: “Celebrating Service” will be marked across its FBNBank subsidiaries in over half a dozen countries which include FBNBank UK, FBNBank Ghana, FBNBank Senegal, FBNBank Gambia, FBNBank Guinea, FBNBank DRC and FBNBank Sierra Leone. Customer Service Week is an international celebration that highlights the importance of customer service and staff…

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With unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification by the regulators, the commercial banking subsidiary of the holding company, Sterling Bank; will continue to operate with its current name as a limited liability company, with shares transferred from the publicly traded company…

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial…

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