Stanbic IBTC Pension Managers has paid out N1.6 billion to one hundred and fifty customers as at October 3, 2023, thus enabling them to become proud homeowners. According to a press release, this followed the implementation of approved guideline on accessing Retirement Savings Account (RSA) balance towards payment of equity[Read More…]
Business
Stanbic IBTC earnings estimated to hit N125b
IBTC earnings has been estimated to rise to about N125.5 billion in the financial year 2023. The financial services group has seen its market valuation accelerate above N1 trillion mark in the stock market. In its update, the research unit of the Nigerian leading investment firm CardinalStone is prospecting higher[Read More…]
FIRSTBANK ENHANCES ITS FIRSTEDU LOAN SOLUTION, IMPROVES THE QUALITY OF EDUCATION
FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months. Since its launch in[Read More…]
Firstbank Commissions Second Fully Automated Self Service Branch
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation, has announced the launch of its second fully automated branch, the FirstBank Digital Xperience Centre (DXC), on the campus of the University of Ibadan (U.I). Professor. Kayode Adebowale, Vice Chancellor, University of Ibadan, Professor E.O Ayoola, Deputy[Read More…]
FBNHOLDINGS Assures Shareholders of Sustained Improvements and Dividends
The 11th Annual General Meeting (AGM) of FBN Holdings Plc (FBNHoldings), the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, was held on Tuesday, 15 August 2023. The virtual AGM was presided over by Alhaji Ahmad Abdullahi, the Group Chairman with shareholders, directors, Management staff and other stakeholders[Read More…]
FIRSTBANK GRADUATES THE FOURTH SET OF PARTICIPANTS IN ITS SENIOR MANAGEMENT DEVELOPMENT PROGRAMME (SMDP)
The SMDP is an intensive skill development programme structured to enhance core leadership and business competencies of selected senior management staff within the Bank and 20 successful participants were graduated in the recently concluded fourth edition. SMDP is one of the three core leadership programmes aimed at internally identifying[Read More…]
₦10 billion Bond: Parthian Partners lauded for prompt payment of second coupon
Leading Nigerian interdealer broker, Parthian Partners Limited, has announced the successful payment of the second coupon on its NGN10 billion 3-year fixed-rate senior unsecured short-term Bond. The payout, which comes just six months after the settlement of the first coupon paid earlier on 27th January 2023, has been lauded for[Read More…]
Transgenerational Wealth Transfer Climaxes Discussion in the Cordros Wealth Summit 2023
Issues around transgenerational wealth transfer were the crux of discussion at the Cordros Wealth Summit 2023 held recently in Victoria Island, Lagos with the theme: “The Future of Wealth”. The Cordros Wealth Summit brings together ultra-high-net-worth investors, industry leaders, and stakeholders to engage in insightful discussions, collaborate on groundbreaking strategies,[Read More…]
FBNHoldings Posts N206b Half-Year Profit
FBN Holdings Plc (FBNHoldings) has posted N206 billion profit before tax in the first half of the year. The six-month report for the period ended 30 June 2023 showed that the company grew gross earnings and profit before tax to N656.6 billion and N206.3 billion respectively. Group Managing Director, FBN[Read More…]
Firstbank Introduces First Humanoid Robot
FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch. The robot is among the phased configuration of the banks state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]