Category: Business

Multiple Frauds In Fidelity Bank Give Customers Sleepless Nights

Frauds, undoubtedly, cannot be totally taken away in financial institutions as big as Fidelity Bank, but when such becomes rampant, it gives customers several reasons to worry and probably, have their hearts in the mouths. This can probably best describe the situation of things with customers of the financial institution that ironically prides itself as…

Investors Laud FCMB’s 2013 Performance, Okay N5.94b Dividend

Shareholders of FCMB Group Plc have unanimously commended the financial institution for it performance in 2013. The investors also approved the payment of a cash dividend of 30 kobo per ordinary share, for the year ended December 31, 2013. This translates to a total amount of N5.94billion. The decision was reached at the first Annual…

Group Managing Director/Chief Executive Officer, Diamond Bank Plc, Dr Alex Otti, has explained why most users of banks in Nigeria do not get long-term loans whenever they make such requests from their financial institutions. Otti, speaking recently as a panelist at the 11th Centre for Values in Leadership, CVL, in honour of Olasubomi Balogun at 80,…

Inaugural Diamond Bank’s Eurobond issuance exercise, with the printing of $200mn worth of bonds with a maturity of five years, has received warm and worldwide acceptance from investors. The exercise, which was recently concluded, resulted into many stakeholders embracing the Diamond Bank brand, which is respected and known for spurning innovative ideas.   Commenting on…

One of the leading financial institutions in Nigeria, First City Monument Bank, FCMB, has now made account opening easy for new customers. The Bank recently launched a new system of easily opening an account with them. Prospecting FCMB customers can now operate an account with the Bank via Facebook, a popular social networking website. This…