Category: Business

      Number one Best Workplace in Banking in Nigeria and recognised as Africa’s most agile company, Sterling Bank Limited celebrated the first anniversary of SeaBaas, the revolutionary core banking system designed and built in Africa. In just twelve months since its go-live, SeaBaas has processed over 2 billion transactions, reduced processing times by about 60%, and driven a 66% surge in customer adoption, setting new benchmarks for scale, efficiency, and reliability in financial technology. Since launch, the platform has powered Sterling’s digital ecosystem, OneBank, SterlingPro, Switch, Specta, and more,…

Global food and beverage giant, Nestlé, has sacked its Chief Executive Officer, Laurent Freixe, after an internal probe confirmed he failed to disclose a romantic relationship with a subordinate. The company’s board announced the decision on Monday, describing the conduct as a “serious breach” of Nestlé’s Code of Business Conduct. “The board has concluded that Mr. Freixe’s failure to disclose this relationship represented a clear lapse in judgment and violated our governance standards. Effective immediately, he is relieved of his duties,” Nestlé said in a statement. Freixe, 62, had been…

Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). This milestone concludes a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank as an even stronger force within Nigeria’s financial services sector. Under the terms of the merger, Union Bank has fully absorbed Titan Trust Bank’s operations and assets. The combined institution will continue to operate under…

For decades, Nigeria’s credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including *894# (the Bank’s USSD service), FirstMobile, LitApp, and the FirstMonie…

Polaris Bank has partnered with the Nigeria Conservation Foundation (NCF) to launch a tree-planting initiative in Rivers State. The exercise, held at Bodo City Girls Secondary School in Gokana Local Government Area, is part of efforts to combat carbon emissions and promote sustainable environmental practices. Speaking at the event, Polaris Bank’s Divisional Head for South-South, Mr. Raphael Abiaziem, represented by Mr. EjikeAroh, Business Development Manager of Garrison Branch,underscored the project’s importance in advancing the Bank’s sustainability agenda. He said the initiative aligns with the United Nations Decade on Ecosystem Restoration…

Tier-one Lender, Fidelity Bank Plc, has announced the resumption of international transactions on its Naira Debit Cards. This recommencement gives customers the freedom to make seamless payments abroad, online, and at ATMs outside the country. Shedding light on the development, Ifeoma Onibuje, Divisional Head, eBanking, Fidelity Bank Plc said, “We are delighted to inform the public that Fidelity Naira Cards are now enabled for global use. This means that our travelling customers can now utilize their Naira Debit cards outside the country to shop, spend and withdraw internationally without hassles.”…

…Rewards Another 29 Customers from the 4th, 5th, and 6th Monthly Draws with Cash Prizes Leading financial institution, Fidelity Bank Plc, has reaffirmed its dedication to financial empowerment and a savings-oriented culture with the emergence of twenty new millionaires in the seventh and eighth monthly draws of its Get Alert in Millions (GAIM) Season 6 Savings Promo. The draw event, held at the bank’s headquarters in Lagos, featured the announcement of the lucky winners and the formal Prize Presentation Ceremony for winners in the fourth, fifth, and sixth monthly draws.…