brand
Driving Sustainable impact Through Community Development; Union Bank and Employees Returns for Third Employee Volunteer Day
For the third consecutive year, Union Bank and its employees celebrated their Employee Volunteer Day (EV Day) with a series of targeted charitable donations and projects, aimed at improving the lives of Nigerians.
In line with the Bank’s efforts to drive sustainable impact and accelerate community development, EV Day is an employee-funded initiative that allows Union Bank and its employees the opportunity to give back to the community through various projects and activities that drive positive social change.
The latest instalment of the initiative tagged “It Starts With U” involved a bottom-up approach where employees were encouraged to identify needs within their host communities that required timely attention after which they pooled resources to solve some of these identified problems in these areas.
Through the initiative, 20 impactful projects were executed and commissioned in different communities across three regions in the Nation. The projects which directly impacted over 253,000 people were centred around creating strategic development with a clear focus on Health & Wellness, Environmental sanitation and Education and Welfare in Nigeria.
Three projects were executed and commissioned In the South West region where Bolade Jegede, Regional Executive for South West, led the team of Union Bank Volunteers to the Island maternity Hospital Lagos where they donated Medical equipment to the Neonatal unit to support existing facilities and help reduce neonatal mortality rate which is currently about 25% of the death toll for age 5 and below.
In the South East region, a total of eight projects were implemented across various states. Rosemary David-Etim, Regional Executive of the region led a team of over 100 employee volunteers to commission the renovated toilet facility at Comprehensive Secondary School Douglas Road Owerri, Imo State to support the governments’ efforts towards preventing pupils from contacting or spreading germs and infectious diseases which is now a national concern as only 10% of Nigerian schools have basic hygiene services, including toilets.
Nine projects were also commissioned in different locations across the Northern Region. The regional executive Fatai Baruwa, represented by Helen Okene, and other UBN Employee Volunteers carried out environmental sanitation in Dei-Dei building market Abuja and donated waste bins to the market traders to improve waste collection and disposal within the market.
Other projects executed include; Donation of N2M to COPE towards breast and prostate cancer screening for at least 200 underprivileged men and women, donation of food supplies to various orphanage homes, donation of communal boreholes, school renovation, donation of traffic box to the traffic control unit of the police force.
Commenting on the initiative and expected project impact, Union Bank Chief Executive Officer Emeka Okonkwo, said
“Union Bank is known for leading the charge for social impact. The theme for this EV Day tagged ‘It Starts with You’ is a necessary reminder of the role each of us must play as individuals in upholding and driving sustainable impact in the communities we serve. I am so inspired by Team Union and incredibly fortunate to work with colleagues that prioritises our vision of community development and corporate citizenship”
Also commending the level of employee engagement, Chief Brand and Marketing Officer, Ogochukwu Ekezie-Ekaidem, said –
“Employee Volunteer Day is an initiative that is very close to my heart. Since 2019, we have executed projects in 30 locations across the country impacting over 300,000 lives. I am grateful to every employee that has donated to the successful execution of these projects.”
Introduced in 2019, EV Day reinforces Union Bank’s dedication to building a workforce that is conscious about giving back to the communities where they live and work. The first edition was a sanitation exercise carried out in 15 locations across the country with participation from over 1,200 Union Bank employees along with their family and friends. In 2020, the Bank and its Employees raised N10 million to provide the gift of water to over 15,000 Nigerians through the establishment of communal boreholes in six communities nationwide.
At Union Bank, Community Development remains one of our core focus and we will continue to provide support to the communities where they operate.
brand
GTCO Food and Drink Festival 2026 Presents “Everything Food and Drink”
![]()
Guaranty Trust Holding Company Plc (GTCO Plc) is pleased to announce the 9th edition of the GTCO Food and Drink Festival, scheduled to hold from Friday, May 1st to Sunday, May 3rd, 2026, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos.Geographic Reference
This year’s theme, “Everything Food and Drink,” captures the expansive nature of the Festival experience. It reflects not only the variety of cuisines on display but also the depth of stories behind them. Over the years, the GTCO Food and Drink Festival has grown far beyond a seasonal celebration to become a culturally significant platform where food and drink serve as a meeting point for storytelling, innovation, and opportunity. The Festival will feature 204 free retail stalls, showcasing the rich diversity and creativity of our food culture; from time-honoured traditional dishes preserved across generations, to bold contemporary interpretations of global cuisine, creating space for every flavour, every technique, and every craving to find expression.
Visitors can expect a rich programme featuring interactive masterclasses, live culinary demonstrations, food and wine tastings, and a vibrant marketplace showcasing small and medium-scale food businesses alongside established culinary brands. In addition to its wide range of food and drink offerings, the GTCO Food and Drink Festival is renowned for its family-friendly atmosphere, with a well-equipped play area and a variety of engaging activities for children, ensuring an unforgettable experience for the whole family.
Speaking ahead of the 2026 edition, the Group Chief Executive Officer of GTCO Plc, Segun Agbaje, emphasized the Festival’s continued evolution as both a cultural and economic enabler: “The GTCO Food and Drink Festival has, over the years, become a living expression of what we stand for as an institution: innovation, opportunity, and enterprise that is accessible to all. What makes this platform special is not just its scale, but its humanity. It brings together people from different walks of life around something universal—food and drink—and in doing so, it breaks barriers and builds connections that extend far beyond the event itself.”
Since inception, the GTCO Food and Drink Festival has positioned itself as one of Africa’s most prominent culinary gatherings, attracting participation from across Nigeria and increasingly from the wider continent and diaspora.
Admission remains free and open to all, reaffirming the Festival’s commitment to accessibility as a consumer-focused event that brings people together through food, drink, culture, and enterprise.
For more information on the event, please visit: https://foodanddrink.gtcoplc.com
brand
Fidelity Bank Partners Aircraft Finance Germany to Grow African Aviation Industry
![]()
Leading financial institution, Fidelity Bank Plc, has announced the signing of a strategic partnership agreement with Aircraft Finance Germany (AFG) to advance the aviation sector in Nigeria and across Africa by both organisations.
The agreement was formally executed by Mr. Christian Hatje, Managing Director, Business Aviation and SVP Commercial, representing AFG; and Mr. Stanley Amuchie, Executive Director and Chief Operations and Information Officer of Fidelity Bank Plc at a signing ceremony in Germany recently.
Speaking at the signing ceremony, Mr. Christian Hatje stated, “This partnership marks a significant milestone in our commitment to Africa’s aviation future. Partnering with Fidelity Bank, Nigeria’s leading aviation financier, we are confident in our ability to structure solutions that will drive meaningful growth across the sector.”
Through this partnership, both institutions will work closely to identify, finance, and grow aviation opportunities across the continent. The collaboration aims to provide innovative leasing and financing solutions that support airlines, aviation operators, and related stakeholders in expanding capacity, modernizing fleets, and strengthening operational and fleet efficiency.
“Fidelity Bank remains dedicated to supporting the aviation industry through tailored financial solutions. Our collaboration with AFG strengthens our capacity to provide sustainable financing that will contribute to the expansion of aviation in Nigeria and across Africa,” explained Mr. Stanley Amuchie.
This partnership reflects a shared vision to foster long-term development, stimulate investment, and create sustainable opportunities within the African aviation industry.
Nigeria remains a strategic hub for aviation development in Africa. By combining AFG’s leasing expertise with Fidelity Bank’s deep sector knowledge and financial strength, the partnership is positioned to unlock new growth pathways and enhance the sustainability of the aviation ecosystem.
This collaboration in Africa forms part of AFG’s broader global portfolio expansion strategy, reflecting the company’s continued commitment to structured aviation investments across multiple international markets.
Fidelity Bank is regarded as a market-leader in the Nigerian aviation industry with a long list of interventions across the value chain. Its aviation finance solutions support aircraft acquisition and leasing, route expansion, aviation infrastructure development, cargo and export enablement; and partnership structures for large projects.
brand
GTCO Plc Releases 2025 Full Year Audited Result …Declares Another Record Dividend of 12.76k;
![]()
Re-affirming Unrivalled Capacity to Creating Value₦ Lagos, London – 31st March 2026Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).The Group reported profit before tax of 1.23trillion underpinned by strong growth in core earnings, with interest₦ income and fee income increasing y-o-y by 23.2% and 25.9%, respectively. The performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024, when GTCO delivered a record profit of 1.27trillion, driven in part by 517.5billion in fair value gains, which did not recur in 2025.₦ ₦The Group’s 2025 profit after tax came in at 865.75billion against 1.02trillion recorded in 2024. The profit after tax₦ ₦ reflects the impact of recent fiscal policy adjustments to the taxation of investment securities, notably withholding tax on short-term instruments. However, when normalised for this effect, underlying earnings remain robust, driven by growth in core operating income. The Group continues to maintain a well-structured, healthy, and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals. Total assets and shareholders’ funds closed at 1₦ 7.8trillion and 3.₦ 4trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 43.8%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.4% and 5.0% at Bank and Group level in FY-2025 (Bank, 3.5%, and Group, 5.2% in December 2024). Cost of Risk (COR) also improved to 2.2% from 4.9% in December 2024. In specific terms, the Group’s loan book (net) grew by 12.4% from 2.79trillion as of December 2024 to₦ 3.13trillion in December 2025. Similarly, deposit liabilities grew by 23.8% from 10.40trillion to 12.87trillion during₦ ₦ ₦ the same period.Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, which included significant fair value gains, our focus has been on strengthening the sustainability of our earnings by driving growth across our core banking and ecosystem businesses. The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns. Our record dividend payout this year is not only a reflection of our current profitability but also of our confidence in the Group’s long-term earnings potential. Looking ahead, we remain focused on scaling our ecosystem, driving innovation across our financial services platform, and delivering consistent, high-quality earnings that support superior value creation for our shareholders.”Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Post-Tax Return on Equity (ROAE) of 28.3%, Post-Tax Return on Assets (ROAA) of 5.3%, Capital Adequacy Ratio (CAR) of 43.8% and Cost to Income Ratio of 27.9%.Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group provides a wide range of banking and non-banking services including payments, funds management, and pension fund administration. GTCO Plc is committed to delivering long-term value to stakeholders while driving growth and development across its markets.
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment1 year agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
news11 months agoBREAKING: Tinubu swears in new NNPCL Board