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Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatization conditions. Transcorp Power will no longer be subjected to post-privatisation monitoring and is the first privatized power generation company to achieve this milestone since the ... Read More »

L-R: Sounds of ALAT Judges, Alpha Ojini, Cobhams Asuquo, Head, Brand and Marketing Communications, Wema Bank, Mabel Adeteye; MD/CEO, Wema Bank, Moruf Oseni, Sounds of ALAT, Judge Omawuni Megbele, Executive Director, Retail and Digital Business Directorate, Wema Bank, Tunde Mabawonku and Sounds of ALAT, Judge DJ Sose at the unveiling of the Top 3 participants of the Sounds of ALAT ... Read More »

Wema Bank, one of Nigeria’s leading financial institutions, has announced the launch of the ALAT Alumni community, virtual community exclusively designed for former employees of the bank. The announcement was made during a virtual launch session on May 1st, which had over 350 former employees in attendance. The platform provides former employees with a platform to connect, network, and grow ... Read More »

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 a total value of NGN100.47 ... Read More »

Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding period ended March 2022. The ... Read More »

Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and competitions open to its employees, clients, and the public. Kicking off the anniversary ... Read More »

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, indicated that the significant double-digit growth ... Read More »

…… Declares total dividend of 50K per share Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of ... Read More »

As part of its initiatives to reduce poverty and alleviate hunger in the society, leading financial institution, Fidelity Bank Plc, recently launched a Corporate Social Responsibility (CSR) scheme tagged the Fidelity Food Bank. Through the initiative, the bank would partner with carefully selected charity organizations across Nigeria to provide food items to members of the society monthly. At an event ... Read More »

Lagos State Governor, Babajide Olusola Sanwo-Olu says the state government is partnering and working with key private sector operators to ensure speedy growth and development for the state. Mr Sanwo-Olu spoke during a courtesy call by members of Ecobank Nigeria management team lead by the Managing Director, Bolaji Lawal. In his words “ today has been set aside for some ... Read More »