Some bank customers, especially those of Guaranty Trust Holding Company (GTCO) say they will opt for electronic mail alert from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said they would deactivate the Short Message Services…
Fidelity Bank Plc says it generated N105.8 billion as its profit before tax (PTB) for the first quarter of 2025. This represents a growth of 167.8 per cent compared to N39.5 billion in same period of 2024. The bank disclosed this in its unaudited financial statements released on the Nigerian Exchange. The company’s gross earnings…
The World Bank has hailed the Jigawa Government for transparency and effective coordination in the implementation of the Agro-Climatic Resilience in Semi-Arid Landscapes (AcReSAL) project. Dr Joy Agene, the AcReSAL Task Team Lead gave the commendation when she led a delegation on a courtesy visit to Gov. Umar Namadi in Dutse. Agene, praised Namadi’s administration…
An Economic and Financial Crimes Commission (EFCC) witness, Femi Remigus, on Monday refused to confirm the legality of bank entries in the trial of Ali Bello, the Chief of Staff to Gov. Usman Ododo of Kogi. Remigus, a compliance officer at Zenith Bank Plc, denied knowing if associated bank transfers in the disputed transactions were…
LivingTrust Mortgage Bank Plc recorded a Profit After Tax of N232 million for the period ending March 31. This marks a 0.71 per cent rise from the N230 million profit recorded in the first quarter of 2024. The bank made this announcement in a corporate disclosure filed with the Nigerian Exchange Ltd. on Wednesday. Gross…
First Bank of Nigeria Ltd. on Monday innaugurated its fifth Digital Xperience Centre in Lekki, Lagos, to address the growing demand for convenient and accessible banking services. The Managing Director of First Bank, Mr Olusegun Alebiosu, at the event, said the branch would provide convenient access to banking services and facilities 24 hours daily. Alebiosu…
The FCT Agriculture and Rural Development Secretariat (ARDS), says the World Bank has approved request for the second phase of the FCT FADAMA COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme. The Mandate Secretary of ARDS, Mr Lawan Geidam, said this at the inauguration of the Pre-Field training of Enumerators responsible for the generation of…
The operatives of the Economic and Financial Crimes Commission (EFCC), on Tuesday arrested Mr Chinenye Duru, a Polaris Bank staff, in a Federal High Court in Abuja. The arrest came shortly after Justice Inyang Ekwo adjourned an alleged fraud charge filed by the Inspector-General (I-G) of Police against Polaris Bank Plc and Duru until May…
Bank customers have decried the upward review of Automated Teller Machine (ATM) transaction fees by the Central Bank of Nigeria (CBN). Some of the customers who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the new policy negated the financial inclusion and cashless policies of the CBN. Mrs Catherine Itoha,…
The stock price of First Bank of Nigeria (FBN) Holdings Plc has appreciated by 17.65per cent in its Year-till-Date (YtD) return as of February 07, 2025 to emerged as best tier-one bank stock on the Nigerian Exchange (NGX). The oldest financial institution stock price currently outperformed its peers listed on the bourse: Access Holdings Plc,…
