Business

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.   A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for ...

As part of relief interventions following the devastating nationwide floods in Nigeria, the Sterling One Foundation has launched Project Ladder, in partnership with Whitefield Foundation and Sterling Bank, to provide support for victims whose farms were affected by the floods. The project which kicked off in Ndokwa East and Oshimili North Local Government Areas of Delta State is aimed at ...

 …Offers Free VISA Signature Card Polaris Select Plus Account is offering its current and prospective customers a range of exclusive lifestyle and banking benefits, especially for those who value comfort and luxury. One of the product’s key benefits is the free VISA Signature Card, which provides premium travel and lifestyle and a wide range of exclusive rewards and benefits. With ...

…Beneficiaries Express Gratitude. Fresh graduates serving under the National Youth Service Scheme ( NYSC) across 12 States have commended Polaris Bank for enhancing their digital literacy skills and preparing them for the emerging opportunities in Nigeria’s digital economy. Polaris Bank, in partnership with the NYSC and NerdzFactory, had in November 2022 commenced a high-impact capacity-building workshop on digital skills targeted ...

One of Africa’s fastest growing companies and Nigeria’s leading commercial bank, Sterling Bank, has reported a growth of 28.5 percent in its profit after tax for 2022. The bank’s profits grew to N 19.3 billion for the year ended 31 December 2022 in comparison to N15 billion as reported by the bank for the end of the 2021 financial year. ...

The 2022 KPMG Nigeria Banking Industry Customer Experience survey result listed Polaris Bank ‘as the most improved Bank under retail segment moving up five places to sixth position and 3rd under SME segment’, with the Bank showing significant improvement in customer ratings. Many customers have praised the Bank for its personalized service, proactive approach to problem-solving, and faster turnaround times. ...

In an increasingly uncertain macroeconomic environment, Fidelity Bank Plc has remained appealing in the banking sector. This is evident in its full year 2022 financial results which showed a better-than-expected performance amid the headwinds in the economy. Specifically, in the full year 2022 results, Fidelity Bank’s gross earnings increased to N337,050 billion as of December 31, 2022, significantly higher than ...

Sources within Polaris Bank Limited have revealed the true situation in the financial institution that a section of the media has falsely spun around. All According to the sources, there is no such thing as a controversy trailing the Bank, as the reaction within the financial institution stems from some staff’s inability to understand and accept positive and productive changes ...

     Ecobank Connives With Fraudsters To Defraud Customers Money. Reports shows that Ecobank Nigeria have connived with a fraudster named Joel, to use the BVN of Mr Anino Jonah Ghereje, who is not a customer of the bank to open an account in their bank in his name. According to reports from a twitter user the bank later used the ...

  …… Declares total dividend of 50K per share Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination ...