Union Bank Plc has announced a significant financial performance for the third quarter ending 30th September 2023. The bank reported a Profit Before Tax (PBT) of N102.3 billion, reflecting an impressive growth of 461.1 per cent compared to the PBT of N18.2 billion in the corresponding period of 2022. This notable achievement is attributed to a surge in gross earnings, …

Emir of Zazzau in Zaria, Kaduna State, Ambassador Ahmed Nuhu Bamali has extolled the benefits of The Alternative Bank (TAB) as a non-interest banking institution which propels economic growth through sustainable practices, responsible investment and financial decisions. In a keynote address during the inauguration of TAB’s first physical branch in Zaria, Kaduna State, the traditional ruler highlighted the manifold advantages …

A financial expert, Mr Okechukwu Unegbu has commended the Central Bank of Nigeria (CBN) for lifting the restrictions on cryptocurrency transactions. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. The CBN had announced the reversal of the policy banning …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded 77 customers with cash prizes in the first quarterly and third monthly draws of its Reward4Saving 3.0 promo. Both draws took place at the bank’s head office at Walter Carrington Crescent, Lagos. Seventy customers won N100,000 each, while seven other customers received N1 million each. The winners were selected …

The Office of the Special Investigator probing the Central Bank of Nigeria (CBN) has summoned the Chairman of Titan Trust Bank (TTB), Mr. Tunde Lemo, and two other shareholders of the bank to a “follow-up meeting” in Abuja on Thursday over the controversial acquisition of Union Bank of Nigeria last year. The summons were issued hours after Lemo, a former …

A former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. It was learnt that Emefiele was released on Friday. The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development to our correspondent on Saturday. “I can confirm to you …

As part of its continued commitment to the growth and development of the Nigerian economy, Sterling Bank Limited has concluded arrangements to host a mega business fair during the yuletide. The event will showcase the best of Made by Nigerians (MBN) and Eat Drink Festival (EDF) on the 27th and 28th of December 2023 at the Tafawa Balewa Square, Lagos. …

The Inspector General of Police, Kayode Egbetokun, has counselled financial institutions and business owners over the growing sophistication of cyber threats and consequent attacks on their databases and businesses. The IGP spoke over the weekend at the Moniepoint Staff Retreat in Abuja, urging those in the financial sector and business owners to take proactive steps towards the protection of their …

The Chief Executive Officer of Polaris Bank, Mr. Adekunle Sonola has urged Nigerian government to prioritise legal policy and reforms for sustained economic growth. In a presentation he recently delivered at the Annual Law Dinner of the Nigerian Bar Association (NBA), Lagos branch, Sonola emphasised the need for legal reforms, highlighting the escalating challenges faced by businesses in the ever-evolving …

In line with its commitment to provide lifestyle banking solutions and memorable experiences for its customers, leading financial institution, Fidelity Bank Plc recently hosted customers to two fun-filled days in commemoration of the Yuletide. Tagged the Fidelity Family Weekend (FFW), the event saw the bank host over 10,000 guests at the Fidelity Grounds, Oniru, Lagos to a carnival-like atmosphere on …