Sterling Bank to give Nigerians ₦1Million Extra Every Month
Sterling Bank to give Nigerians ₦1Million Extra Every Month Lagos, Nigeria: Leading commercial bank and Africa’s most agile company, Sterling Bank has announced the introduction of AlwaysOn by Sterling, a bold new feature on its OneBank platform that will give eligible customers up to ₦1 million extra every month -even when their account balances are running low. Launched on Workers’ Day 2025, the initiative is part of an ongoing movement to remove structural barriers to financial freedom and empower everyday Nigerians to move boldly, even in…
Stanbic IBTC Bank Nigeria PMI: Output growth hits 15-month high in April
Stanbic IBTC Bank Nigeria PMI: Output growth hits 15-month high in April The start of the second quarter of 2025 saw a further improvement in business conditions among Nigerian companies amid strengthening customer demand and growth of output. In response, firms ramped up their purchasing activity and took on extra staff, but this expansion of capacity was not sufficient to prevent a build-up of backlogs of work. Meanwhile, inflationary pressures ticked up from March but remained muted relative to the picture in 2024. The headline figure deri…
GTCO SUSTAINS PROFITABILITY MOMENTUM WITH GROWTH IN CORE INCOME - DECLARES A PBT OF N300.4BILLION IN Q1 2025
GTCO SUSTAINS PROFITABILITY MOMENTUM WITH GROWTH IN CORE INCOME - DECLARES A PBT OF N300.4BILLION IN Q1 2025 Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦300.4billion on the back of strong performance posted on the core earnings lines of interest income which grew …
Soludo Urges South East Traditional Rulers to Unite to Reclaim the Region
Soludo Urges South East Traditional Rulers to Unite to Reclaim the Region Governor Charles Soludo has extended warm felicitations to traditional rulers in the Southeast, stressing that collaboration is vital to the region's development. The governor made this submission at a recent meeting of the South East Traditional Rulers Council, where he stated that it is necessary to foster unity and dwell on each stakeholder's pivotal role in the region's advancement. In a release by the Governor's Chief Press Secretary, Christian Aburi…
JMG Limited Restates Commitment To Safety, Employee Well-being On World Day for Safety and Health.
JMG Limited Restates Commitment To Safety, Employee Well-being On World Day for Safety and Health. Lagos, Nigeria – JMG Limited, a leading provider of electromechanical solutions in Nigeria, joins the global observance of World Day for Safety and Health at Work, focusing on the prevention of occupational accidents and diseases. This year’s theme, “Revolutionising Health and Safety: The Role of AI and Digitalization at Work,” highlights the transformative impact of technology in reducing work-related injuries and fatalities. Through digital …
Rite Foods Goes After Mamuda Beverages After Alleged Circumvention of Consent Judgment, Files Fresh Trademark Infringement Matter
Rite Foods Goes After Mamuda Beverages After Alleged Circumvention of Consent Judgment, Files Fresh Trademark Infringement Matter Hassan Hammoud, Chairman/CEO of Mamuda Group, the company accused of trademark infringement Rite Foods Limited (“Rite Foods”), the Nigerian manufacturer behind the widely celebrated Fearless Energy Drink, has raised fresh concerns over the conduct of Mamuda Beverages Limited (“Mamuda”), following what appears to be a circumvention of a consent judgment previously agreed between both parties. In January 2025, Rite Fo…
ZENITH BANK FETES SHAREHOLDERS WITH DIVIDEND PAYOUT OF N195.67 BILLION, PROMISES QUANTUM LEAP IN FUTURE DIVIDENDS
ZENITH BANK FETES SHAREHOLDERS WITH DIVIDEND PAYOUT OF N195.67 BILLION, PROMISES QUANTUM LEAP IN FUTURE DIVIDENDS L-R: Executive Director, Mr. Adamu Lawani; Executive Director, Mr. Akin Ogunranti; Group Managing Director/Chief Executive, Dame (Dr.) Adaora Umeoji, OON ; Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR ; Executive Director, Mrs. Adobi Nwapa; Executive Director, Mr. Henry Oroh; and Executive Director, Mr. Louis Odom during the 34th Annual General Meeting of Zenith Bank Plc held at The Civic Centre, Victoria Island, Lagos…
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