Business

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 ...

Sterling Bank, a leading Nigerian commercial bank and Africa’s Most Agile Company has taken the courageous step of suspending transaction fees for all of its personal account holders as a sign of solidarity with them during these trying times. Abubakar Suleiman, the bank’s chief executive, announced in a personal email to customers. The message in the mail to Sterling’s clients ...

The management of Fidelity Bank Plc has assured customers of cash payment across all its branches nationwide.   Head of Corporate Communication of the bank, Dr. Meksley Nwagboh said this in a statement issued by the bank today.   He said, “Our customers can rest assured that we are working to meet their banking needs. All our branches nationwide are ...

A Federal Capital Territory (FCT) High Court has awarded a N540 million judgment against the First City Monument Bank (FCMB) in the N5 billion defamation suit filed by Prophet Emmanuel Omale, founder of the Divine Hand of God Prophetic Ministry, Abuja. Justice Yusuf Halilu, the presiding judge, gave the order on Tuesday. Omale had filed the suit over the alleged ...

In a massive collaborative initiative to support and promote interventions targetted to addressing hunger and malnutrition in communities, Agric lender, Unity Bank Plc and Lagos Food Bank have donated food items worth millions of Naira to Ogundimu Ilaje, a riverine community in the suburb of Lagos. A statement from the Bank adds that the intervention is part of the Bank’s strategic Corporate Social Responsibility aimed at sustaining ...