Business

The Abubakar Suleiman-led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is currently before an Ikeja High Court, Lagos, details how an official of the bank, Ifeanyichukwu Shallom ...

In recent years, ‘yahoo boys’ had continued to defraud major airlines in the country, while Sterling Bank, Polaris had remained safe heaven for them to keep the money with the banks protecting them as big boys. Sterling Bank has actually allegedly proven to be “your one-customer bank” to these yahoo boys as stated on the bank slogan   Owing to ...

No fewer than twelve members of National Youth Service Corps, NYSC who took part in Unity Bank’s flagship business plan competition, Corpreneurship Challenge, have won cash prizes totalling N4 million. The winners emerged during the final business pitch in the fourth edition of the  contest for NYSC 2020 Batch B corps members, which took place simultaneously across four NYSC camps ...

In a bid to firmly entrench a customer-first attitude with enduring service culture, Unity Bank has launched a new service charter and Hall of Fame for staff. This is to create exceptional customer experience as the Bank celebrates the 2021 Customer Service Week. Unveiling the Service Charter, the Managing Director/CEO of Unity Bank Plc, Mrs Tomi Somefun applauded “customers and ...

Rice Farmers under the aegis of Rice Farmers Association of Nigeria, RIFAN have commended Unity Plc for the pivotal role it played in facilitating credit to farmers under the CBN's Anchor Borrowers Programme (ABP). The association specially commended the Managing Director of Unity Bank, Mrs. Tomi Somefun for her leadership and doggedness in supporting the rice farmers through the Anchor ...

No fewer than three thousand girls drawn from Senior Secondary Schools across Nigeria have benefitted from a 3-day capacity building initiative on maritime commerce and National Virtual Maritime Quiz powered by Unity Bank Plc. The capacity building initiative, which focused on Information Communication Technology, ICT, maritime transportation and logistics ecosystem, was hosted by Ocean Ambassadors Foundation to promote the participation ...

Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71 billion within the period under review. A review of the Bank’s audited results for full year ended 31 December 2020, released to ...

The appointment of Mr. Gbenga Shobo as new Managing Director/CEO designate of First Bank Nigeria Limited on Wednesday by the Board of Directors of the Bank has been commended by industry stakeholders who said with the appointment, the Bank will no doubt raise the bar in delivery of financial services to its teeming customers. Recall that the Board of Directors ...

Shareholders of FCMB Group Plc(www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value. The shareholders gave the commendation at the 8th Annual General Meeting (AGM) of the Group held on April 21, 2021 at its corporate head office in Lagos. They also unanimously approved the payment of a dividend of N2.97 billion, ...

First City Monument Bank, a foremost financial services provider in Nigeria, has continue her aggressive drive and support for the Small and Medium Enterprises sector in the country. The bank, which was recently voted as the Best SME Bank in Africa, thereby consolidating its position as the dominant financial institution in the segment, has made more funds available to women ...