Management of the pan-African cement manufacturer, Dangote Cement Plc has revealed that once the shareholders at the AGM slated for April 13, 2023, approve the proposal, the shareholders whose names are registered in the Company’s Register of Members at the close of business on 30 March 2023 will be immediately paid the sum of about…
A chief magistrate’s court in Ogba, Lagos, has on Monday sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in prison. The court, presided over by Magistrate Lateef Owolabi, extended the same sentence to Ezinwa Unuigboje, the bank’s secretary, after finding both guilty of disobeying a garnishee order of court restraining the bank…
Guaranty Trust Bank UK Limited (GTBank UK) has reached settlement with the FCA, accepting findings in relation to historical Anti-Money Laundering (AML) controls in its operations in the period October 2014 to July 2019. The Bank has cooperated fully with the FCA investigation and has agreed a penalty sum of GBP7,671,800, which has been calculated…
Chief Executive Officer of Sterling Bank Plc, Mr. Abubakar Suleiman, has been awarded the Special Leadership Award at the 2022 edition of the Nigerian Fintech Awards held in Lagos. The Nigerian Fintech Awards is Nigeria’s biggest and most recognized fintech awards and is dedicated to honoring excellence in financial technologies and services companies and products.…
Union Bank of Nigeria has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards. Global Finance seeks to help corporate leaders, bankers, and investors chart the course of global business & finance and has…
Nigeria’s most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021. According to the bank’s unaudited financial results for the third quarter of 2022,…
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022. According to the sugar refiner’s unaudited results posted on the Nigerian Exchange portal, PBT rose by N13.17 billion compared to N23.10 billion posted in the corresponding period in 2022.…
Sterling Bank Plc, recently named “The Overall Best Place To Work (Large Corporates)” in Nigeria by the Great Place to Work (GPTW) Institute for 2020 and 2021, has emerged the most awarded financial institution on the awardees list at the recently held 2022 Chartered Institute of Bankers of Nigeria (CIBN) Fellowship Investiture. At the event,…
In line with its mission to empower Africans with the payment solutions they need to thrive in a digital community, HabariPay has partnered with Google Hustle Academy to train targeted MSMEs on digital payment solutions. The Hustle Academy seeks to provide MSMEs across Kenya, Nigeria, Ghana, and South Africa with expert training on business strategy…
In recognition of its efforts to deepen digital payments acceptance for businesses on the continent, the fintech payment product of HabariPay, Squad, has received an award for “Accelerating Digital Acceptance in Africa” at the inaugural session of the MasterCard EDGE 2022. The event was held to recognize outstanding fintech companies and business leaders that are…