Fidelity Bank Plc has entered into a binding agreement to acquire 100% equity stake in Union Bank UK Plc. According to a disclosure signed by Ezinwa Unuigboje, the Company Secretary on the proposed acquisition of 100% equity stake in Union Bank UK Plc by Fidelity Bank Plc, the transaction is subject to the approval …
Read More »Customers’ Deposit in Wema Bank Rises to N1.09 Trillion in Six Months
Pioneer of Africa’s first fully digital bank and one of Nigeria’s most resilient banks, Wema Bank Plc has disclosed its customers’ deposit has increased by 13 percent to ₦1.09 trillion in the H1 2022. In six months, the bank noted that the rise against ₦968.17 billion reported in FY 2021 …
Read More »Prudential Zenith Sets to Raise N8Billion Share Capital in 9 Months
…As Firm Surpasses Recapitalization Record with N5 Billion Following the success recorded for the year 2020, the Prudential Zenith Life Insurance has set a new target for the year 2021. According to the firm, they are positioned to meet the additional capital requirement of N8 billion well ahead of the …
Read More »FG implied to disburse TraderMoni via Tech platforms for more financial inclusiveness
Lendtech platform operators in the country have urged the federal government through the office of the Vice President Yemi Osinbajo, to disburse TraderMoni loans through the technology platforms in order to attract more Nigerians into the financial inclusion net. TraderMoni is an empowerment scheme of the federal government created for …
Read More »