Author: Newsjaunts
Abbey Mortgage Bank, a leading institution in the African Mortgage industry on Saturday, May 4th, 2024 staged a walk to promote autism awareness and emphasize the importance of understanding and supporting individuals with such disorder. This year’s programme themed “Abbey Walk for Autism Awareness” saw Abbey bankers, led by their MD/CEO Mobolaji Adewumi, stage a charity walk from the bank’s head office on Karimu Kotun to Falomo Bridge Ikoyi, through Alfred Rewane road, before returning to the office. The “Abbey Walk for Autism Awareness” commemorated Autism Awareness Month, usually held in April, themed, ‘Aligning SDGs with Autism: Empowerment, Challenges and…
Ogun State Governor Prince Dapo Abiodun has won the Independent Newspapers Governor of the Year (Tech Innovation) award for the year 2023. The award was presented to the governor, who was ably represented by his Special Adviser on Media, Hon. Kayode Akinmade, at the Eko Hotel and Suites, Victoria Island, Lagos, with former governor of Ogun State, Aremo Olusegun Osoba as chairman. The Tech Innovation award is in recognition of Governor Abiodun’s commitment to use innovation and technology to drive the economy of the Gateway State. His innovative and technological approach to governance has propelled Ogun State to be among…
FCMB is a leading financial institution in Nigeria has received a big shock of the year as one of its staff has been sentenced for fraud and embezzlement. Justice S. Odili at the Anambra State High Court in Onitsha, Anambra State, sentenced Mr Nwachukwu Placidus, a bank manager at First City Monument Bank FCMB, Onitsha Anambra State to 121 years in prison for embezzling N112 million from a customer’s fixed deposit account. The Honorable justices delivered the verdict resulting in the conviction and sentencing of a former manager at the First City Monument Bank’s branch in Onitsha, who has now…
The Policy Innovation Centre has launched its second edition ‘The Purple Book’, an advocacy tool to catalyze innovation and measurable progress towards advancing a gender-inclusive society in Nigeria. This significant milestone was achieved during the 30th Nigerian Economic Summit (NES #30) Public Lecture and Founders’ Forum held at the Lagos Business School on Thursday. The Policy Innovation Centre is an initiative of the Nigeria Economic Summit Group (NESG), a leading think tank in Africa, redefining evidence-based policy advocacy. In his opening remark, the Chairman of NESG, Mr Niyi Yussuf, stated that the Public Lecture reaffirmed the essentiality of Public Private…
KIGALI, Rwanda, May 3, 2024/ — The Federal Republic of Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development impact investment platform of the African Export-Import Bank (Afreximbank). Nigeria joins the ranks of countries acceding to the Establishment Agreement of FEDA, becoming the 16th nation to do so. This underscores the increasing backing the Fund enjoys among African nations. This announcement comes three decades following Afreximbank’s establishment in Nigeria, a key milestone that boldly demonstrates Nigeria’s continued commitment to supporting Afreximbank and FEDA’s missions. FEDA sees new memberships as critical to broadening its…
Tinuade Sanda, the former managing director and chief executive officer of Eko Electricity Distribution Company (EKEDC), has been in the news for controversial reasons over the past few weeks. She was sacked by Eko Disco and West Power and Gas (WPG) Limited in one month.In March 2022, Sanda was appointed the managing director of Eko Disco, becoming the third woman to lead in this capacity in the industry — after Funke Osibodu of Benin Disco (2013) and Folake Soetan of Ikeja Electric (2020). TheCable obtained a list of all accredited universities by the Ministry of Higher Education and Scientific Research…
As part of its commitment to empowering and mentoring women to become global leaders while breaking stereotypes and closing gender gaps, the Airtel Women Network, a platform comprising female employees of Airtel Nigeria, welcomed girls from Airtel’s adopted school, Alaba Oro Comprehensive Senior High School, Ajegunle,, to commemorate International Day of Girls in ICT on Monday, 29th April 2024. Led by the telco’s IT Director, Kemi Ariyo, the session emphasized the need for the rise of influential female role models in driving progress within Science, Technology, Engineering, and Mathematics (STEM) careers. It also served as an avenue to inspire young…
Transnational Corporation Plc, known as “Transcorp,” a top-tier Nigerian conglomerate listed on the stock exchange with interests in Power, Hospitality, and Energy, has revealed its remarkable financial performance for the first quarter, which concluded on March 31, 2024. Transcorp’s preliminary financial report for Q1 2024 indicates a substantial increase over the same period last year, with revenues escalating to N88.6 billion, a significant leap from N32.4 billion in 2023, translating to a 173% growth. The power sector of Transcorp stands out with an impressive 209% increase in revenue compared to the previous year, underscoring the effective execution of the Group’s…
Fidelity Bank Plc, under MD/CEO Nneka Onyeali-Ikpe, reported a remarkable 120.1% growth in Profit Before Tax, reaching N39.5bn in Q1 2024 from N17.9bn in Q1 2023. Gross Earnings also surged by 89.9% to N192.1bn, driven by significant increases in both interest and non-interest income. This financial success is supported by strategic customer-centricity, digital innovation, and operational excellence.
In a remarkable celebration of heritage and innov ation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries. This significant celebration not only commemorates nearly eight decades of exceptional service and innovation in the Nigerian banking sector but also celebrates the bank’s seven years of digital excellence with ALAT.Since its inception in 1945, Wema Bank has been at the forefront of financial innovation, constantly adapting to meet the evolving needs of its customers. Over the decades, the bank has…