Business

Sterling Bank Plc, has announced that it has now completed a significant milestone in its on-going transformation to a financial holdings company with the delisting, transfer, and re-listing of all shares to the Sterling Financial Holdings Company on the floor of the Nigerian Exchange. The relisting signifies another major development in the ongoing transition, as unanimously approved by its shareholders. ...

Access Holdings Plc has announced its completion of a $300 million capital investment into its flagship subsidiary, Access Bank, the proceeds of which will supplement the capital needs of its African expansion strategy. In a statement released on Tuesday, Access Holdings said part of the $300 million was to boost Access Bank’s total capital ratios. According to the lender: “Over ...

  Justice P. I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State has remanded Fasiku Olusegun Rapheal, a banker and former staff of First City Monument Bank, FCMB in custody for alleged stealing and currency counterfeiting to the tune of Twenty-Three Million, Five Hundred Thousand Naira (23,500,000.00). The defendant was arraigned by the Port Harcourt Zonal ...

Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023. Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, ...

Since Miriam Olusanya emerged as the Managing Director of Guaranty Trust Bank Limited (GTBank Ltd) in July 2021 under controversial circumstances, BUSINESS LIVE learnt that the once-leading bank has continued to go deeper into crises and financial losses, with customers and shareholders losing faith and trust in the lender. More saddening is the fact that despite the naira scarcity menace, ...

A partnership has been signed between Nigeria’s leading commercial bank, Sterling Bank Plc, and Nigeria’s most innovative lending platform, Credit Café Africa, to provide health and education loans and other value-added services to existing and potential customers.   Speaking at the signing ceremony of the memorandum of understanding (MoU) between Sterling Bank and the digital lending platform, the Divisional Head ...

Lagos, Nigeria, February 18, 2023: A Chief Magistrate Court sitting in Ikeja , Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt. The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit ...

Have you visited Polaris Bank corporate website, www.polarisbanklimited.com lately? If not, do not hesitate to check it out. You would be pleasantly surprised by the refreshing changes the Bank’s website has undergone, ostensibly to serve millions of her customers within and outside Nigeria. Below are the four unique features of the redesigned Polaris Bank corporate website you would see when ...

Polaris Bank has announced plans to delight its existing and new customers this Valentine season with exciting rewards. The campaign is themed: Polaris Purple reward. According to the Bank, existing and prospective customers stand a chance to enjoy a reward of N5,000 worth of data in the Valentine campaign when they perform any of these transactions on VULTe: bill payment, ...

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested the Regional and Service managers of Sterling Bank Plc in the federal capital territory for hoarding N258 million of the new naira notes. The commission, in a statement made available to us on Tuesday night said the fund was stashed in the vault of the bank at ...