Stanbic IBTC Bank Nigeria PMI: Business activity continues to rise, but growth eases to four-month low
Stanbic IBTC Bank Nigeria PMI: Business activity continues to rise, but growth eases to four-month low Although the Nigerian private sector remained in growth territory midway through the second quarter of the year, there were signs of a slowdown in the latest survey period as inflationary pressures remained elevated. Rates of expansion in output and new orders eased in May, while employment dipped for the first time in six months. The headline figure derived from the survey is the Stanbic IBTC Bank Purchasing Managers’ Index™ (PMI®). Readings…
Zenith Bank Remains Nigeria's Largest Bank by Profit in Q1 2025
Zenith Bank Remains Nigeria's Largest Bank by Profit in Q1 2025 Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji Despite the challenging macroeconomic environment, Zenith Bank has remained resilient as it remained Nigeria’s largest bank by profit in the first quarter (Q1) of 2025. Zenith Bank recorded profit after tax (PAT) of N311.83 billion as a diversified revenue base enabled consistent earnings growth, according to data gathered by MoneyCentral. That compares with the bottom lines of Guaranty Trust …
Ecobank and Qatar Airways Celebrate Top Exhibitors at ‘Oja Oge’ Fair
Ecobank and Qatar Airways Celebrate Top Exhibitors at ‘Oja Oge’ Fair Tomilola Fetuga (left), Head of Brand Management and Experiential Marketing, and Omoboye Odu (right), Head of SME Banking, both of Ecobank Nigeria, presenting a cash prize to a representative of Accessories by Morgan for recording the highest volume of transactions during the ‘Oja Oge by Ecobank’ fair held in Lagos. Lagos, Nigeria – June 1, 2025 – Ecobank Nigeria, in partnership with Qatar Airways, has recognized and rewarded outstanding exhibitors at the recently conclude…
Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction
Access Bank Plc, KCB Group Complete National Bank of Kenya (NBK) Transaction Caption: L-R: Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank PLC and Lawrence Kimathi, Director of Finance, KCB Group, during the signing ceremony to mark the completion of the sale of National Bank of Kenya to Access Bank PLC in Nairobi on Friday. Nairobi, Kenya – May 30, 2025: KCB Group PLC (KCB Group) and Access Bank PLC (Access Bank) have completed the sale of National Bank of Kenya Limited (NBK) to Access Bank Plc, marking the conclusion…
Hydrogen, Lagos State Touch Thousands of Business Owners with “Healthy Heart, Healthy Business” Outreach
Hydrogen, Lagos State Touch Thousands of Business Owners with “Healthy Heart, Healthy Business” Outreach Lagos, Nigeria – May 30, 2025: As part of its continued effort to support the growth and sustainability of Nigerian enterprises, Hydrogen Payment Services Company Limited joined forces with Ikeja Local Government Area and the Office of the Medical Officer of Health to deliver the impactful “Healthy Heart, Healthy Business” outreach on Wednesday, May 28, 2025, at the Ikeja Local Government Secretariat. The initiative successfully engaged a w…
ACAMB Champions Bankers Wellness with Aerobics Fitness Session
ACAMB Champions Bankers Wellness with Aerobics Fitness Session Lagos, Nigeria – May 30, 2025 – As part of its commitment to promoting a healthier and more resilient banking workforce, the Association of Corporate Affairs Managers of Banks (ACAMB) is organizing a special Aerobics Fitness Session on Saturday, May 31, 2025 at the Lagoon Front of the Eko Atlantic City. The session is open to all bankers and marketing communication professionals within the industry and will feature a lineup of fun and energizing activities aimed at boosting physi…
Inclusive Education in Action, Union Bank Sponsors Mathematics Competition for Hearing Impaired Students
Inclusive Education in Action, Union Bank Sponsors Mathematics Competition for Hearing Impaired Students Lagos, Nigeria— Union Bank of Nigeria, through UnionCares, an arm of its Corporate, Sustainability and Innovation Initiative, recently sponsored the Ajofa Special Education Foundation for the Deaf Mathematics Competition held at the Wesley School for the Hearing Impaired at Surulere Lagos, Nigeria, with the theme “Impacting Deaf Students and Life with Mathematics in Nigeria.” The Mathematics Competition had in attendance representatives fro…
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