Business

Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved the proposed final dividend payment of NGN4.00 per share, bringing the total dividend for the 2024 financial year to NGN5.00 per share, with a total value of NGN195.67 billion. The Founder and Chairman of Zenith ...

Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in Nigeria’s banking industry. According to the audited financial results for ...

We have been made aware of a recent publication by Thisday Newspaper, Arise Television and a video circulating, regarding a court case filed by a customer, Dr. Agbai Eke, against FirstBank. We can affirm that the allegations of fraud in the Bank as alluded to by ‘Dr. Agbai Eke’ are entirely unfounded and false. Our findings on the matter indicate unprofessional and ...

In the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y). But there is much more to where the premier bank stands in core banking and its profitability is not a mere accretion of ...

Zenith Bank, one of the leading financial service providers in Nigeria, has elevated over 4,000 of its employees as part of a major restructuring exercise aimed at rewarding performance and optimising its workforce. The bank, learnt has also implemented a significant salary increase of its staff to over 20% beginning from January 1, 2025. The promotion,  reliably gathered cuts across all grades ...

The hacker, Sunday Ozimede, was said to have invaded the vault of Moniepoint and defrauded the lender of a sum of N1,190, 728, 076 billion. The hacker who has been arrested by the operatives of the Police Special Fraud Unit (PSFU), was  arraigned before Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, on charges bordering on conspiracy, obtaining the ...

Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree that boosted its footprint in sub-Saharan Africa, First Bank of Nigeria Limited is looking to expand into several other countries, ...

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week under review. Similarly, all other indices finished higher with the exception of ...

Keystone Bank Limited, a leading financial service provider in Nigeria, on Friday hosted an exclusive dinner event to celebrate and appreciate its loyal customers for their unwavering support throughout the year 2024. The event, themed ‘Celebrating Partnership’ took place at the prestigious Eko Hotel and Suites in Lagos. In her welcome remarks, chairman of Keystone Bank, Lady Ada Chukwudozie, expressed ...

December marks a special time in Nigeria, a moment when people take a break from their hectic year to unwind, celebrate, and create lasting memories with loved ones. The month is filled with vibrant arts and entertainment, including plays, musical concerts, festivals, operas, fashion shows, poetry, and various performance arts. As the month unfolds, the atmosphere is electrified with fireworks, street ...