Business Archives

GTBank Releases Q1 2021 Unaudited Results…..Reports Profit before Tax of ₦53.7 Billion

Apr 22, 2021 topnews

Guaranty Trust Bank plc has released its unaudited Financial Results for the period ended March 31, 2021 to the Nigerian and London Stock Exchanges. A review of the result shows a resilient performance across all key financial metrics in the face of the unprecedented macroeconomic challenges, reflecting the quality of past decisions and reaffirming its position as one of the best managed financial institutions in Africa. The Group reported Profit before tax of ₦53.7billion, representing a drop of 7.8% over ₦58.2billion recorded in the corresponding period of March 2020. Deposit…

FirstBank’s new corporate website launched….reiterates commitment to excellent service delivery

Apr 19, 2021 topnews

FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at https://www.firstbanknigeria.com/. The new website is upgraded with features that are streamlined to reinforce its role in delivering seamless banking and technology solutions to its customers across the world. The website is configured with modern design and improved functionality that eases customer experience whilst carrying out various activities on the site, including electronic banking. Non-customers are also able to open an account, putting them at an edge in the industry…

NBS: Inflation rate hits 18.17% in March

Apr 16, 2021 topnews

The National Bureau of Statistics (NBS) report shows that, inflation rate rose by 18.17 per cent in March 2021, being 0.82 per cent points higher than the 17.33 per cent in February 2021. Analysis showed that on a month-on-month basis, the Headline index increased by 1.56 per cent in March 2021. This is 0.02 percentage points higher than the rate recorded in February 2021 (1.54 per cent). The urban inflation rate increased by 18.76 per cent (year-on-year) in March 2021 from 17.92 per cent recorded in February 2021, while the…

FIRSTBANK HOSTS WEBINAR TO SENSITISE INDIVIDUALS AND BUSINESSES ON STAYING PROTECTED IN THE INFORMATION AGE

Apr 14, 2021 topnews

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has announced a webinar to sensitise individuals and businesses with useful information on being protected in today’s digital age. The virtual event is scheduled to hold by noon on Friday, 16 April 2021 with “Staying Protected Amidst the Pandemic Chaos” being the topic to be discussed at the event. Registration is ongoing for the event via the link https://firstbanknigeria.zoom.us/webinar/register/WN_PUnqA7enTMG8o0OfOaWxlg Today’s world, largely referred to as the digital age has been influenced by information technology which has optimised the way…

Unity Bank’s consistently Improved Growth excites shareholders

Apr 14, 2021 topnews

Our attention has been drawn to some online reports on purported action of the board of Unity Bank on the performance of the Bank. The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs. Tomi Somefun (MD/CEO) to drive the growth of the Bank. This was contained in a press statement by Mr. Matthew Obiazikwor, UH, Internal & External Communications to us. The management of the Bank, with the support of its Board has made inroads into key sectors of the economy…

Facts and figures show Wema Bank stands on strong financial fundamentals -Adebise

Apr 10, 2021 topnews

Wema Bank, Nigeria’s leading innovative and digital-driven financial institution has reassurance its esteemed customers and shareholders that it remains standing on strong financial fundamentals and reliable performance metrics, riding on the back of seasoned and astute leadership. The bank gave this reassurance, through its Managing Director/Chief Executive Officer, Ademola Adebise, while reacting to a recent publication in the media purportedly alleging a dip in its liquidity status following the unaudited report for 2020 with the MD/CEO saying the report is only a deliberate campaign to create panic among its stakeholders…

BUA Sugar Refinery battles Dangote over moves to increase sugar price

Apr 8, 2021 topnews

The rivalry between the two conglomerates; Samad Rabiu’s BUA Group and Aliko’s Dangote Group of Companies has taken a new turn, as allegations that Dangote has petitioned the Federal Government asking the Ministry of Trade to shut down BUA Group’s Sugar Refinery located in Port Harcourt is rife. In the letter dated 28th January 2021 signed by Aliko Dangote himself as the Chairman Dangote Industries Limited, the billionaire claimed that when the BUA Sugar refinery was opened , he warned the Government and they told him that no new refinery…

FIRSTBANK CONVENES THE FOURTH EDITION OF ITS ANNUAL FIRSTGEM EVENT, REINFORCES ITS LEADING ROLE IN PROMOTING WOMEN EMPOWERMENT

Mar 29, 2021 topnews

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the fourth edition of its annual FirstGem Conference, tagged FirstGem 4.0. The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on the secrets of wealth management, investment and savings. It is scheduled to hold on Wednesday, 31 March 2021. Participants are required to register via the link http://bit.ly/firstbankwebinar The product, FirstGem, is an account designed specifically to meet the needs of women, aged 18 years and above. The…

FirstBank CEO lists technology, capacity as key for post COVID-19 growth …Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms

Mar 22, 2021Mar 22, 2021 topnews

By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the Surrey Business School of the University of Surrey, England. The webinar was themed: “Digital Disruption: How Can Companies Thrive in Africa Post-COVID-19.” According to the FirstBank boss, it is about studying the environment and leveraging the digital space to proffer solutions tailored to suit…

GTBank Releases 2020 Full Year Audited Results…Reports PBT of ₦238.1 Billion

Mar 19, 2021 topnews

Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to the Nigerian and London Stock Exchanges. A review of the result shows improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the COVID-19 pandemic, reflecting the quality of past decisions and reaffirming its position as one of the best managed financial institutions in Africa. The Group reported Profit before tax of ₦238.1billion, representing a growth of 2.8% over ₦231.7billion recorded in the corresponding year…