Regarded as one of the most compliant companies on the Nigerian stock market, Fidelity Bank Plc has been rated as having the best corporate governance. The Corporate Governance Rating System (CGRS) compares quoted companies to recommended best practices and standards, and Fidelity Bank has received the highest rating of CG+. This implies that the bank…
The $1.4 million connected to former Central Bank of Nigeria (CBN) governor Godwin Emefiele has once again been ordered to be forfeited in the interim by a Federal High Court located in Lagos. Justice Ayokunle Faji ordered the forfeiture of the money to the Federal Government of Nigeria. The court made the above orders while…
First Bank of Nigeria Limited, in partnership with Proparco, a Development Finance Institution is mainstreaming climate initiatives into its business operations and strategy. In order to establish the Bank as an African Climate Bank, this aims to achieve a comprehensive integration of climate action on the reduction of greenhouse gas (GHG) emissions through a clearly…
A prominent provider of financial services, Access Holdings Plc, has emphasized the ethical implications of using artificial intelligence (AI) and urged financial industry stakeholders to take sustainability into account. At the Smart Banking Summit 2024, which was held in Kenya on Wednesday, Executive Director of IT & Digitalization at Access Holdings, Lanre Bamisebi, gave a…
Young scholars have been taught the importance of being exceptional and performance-driven in all of their endeavors by Demola Sogunle, the Chief Executive and Managing Director of Stanbic IBTC Holdings. Delivering the keynote at the Stanbic IBTC Youth Leadership Series 2024 with the theme, ‘The Growth Code: Unlocking the Secrets and Strategies to Personal and…
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Ebenezer Onyeagwu, has been named the ‘Best Banking CEO of the Year in Africa’ at the International Banker 2024 Banking Awards. He retains the title for the second consecutive year. This award, published in the Spring 2024 issue of International Banker Magazine, United Kingdom, coincides…
Wema Bank has placed its shareholders in celebration mode, receiving commendation for a profitable 2023 financial performance, at its just-concluded 2023 Annual General Meeting (AGM) held in Lagos yesterday. The Annual General Meeting (AGM) is a yearly event that brings together Wema Bank’s shareholders and other stakeholders to evaluate the bank’s financial performance in the…
With shareholders firmly pledging to purchase new shares issued by the commercial bank, Fidelity Bank Plc’s drive to recapitalize for N500 billion has received a significant boost. Shareholders, under the auspices of Nigeria’s leading shareholders’ associations, said they would buy into any share offering by Fidelity Bank as the bank holds exciting future for above-average…
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties. This is an addition to the long list of ongoing disengagements in the apex bank. This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024. The termination of…
