DFIs dominate African Banker Awards over growing influence in African finance
Post AMUGE
May 30, 2025
Onome Amuge Development Finance Institutions (DFIs) emerged as the predominant winners at the 2025 African Banker Awards, held recently in Abidjan on the sidelines of the African Development Bank (AfDB) Annual Meetings. This is as five DFIs secured prestigious accolades, reflecting their increasingly pivotal role in boosting investment and strengthening economic growth across the continent. […]
Insiders Dealings: Fidelity Bank MD, directors, others splashed N696m on bank shares
Post AMUGEMay 28, 2025
Bamidele Famoofo Close to N700million has been spent by insiders in Fidelity Bank Plc, one of Nigeria’s leading lenders, to acquire more shares of the bank in a bid to further consolidate their positions. Analysis of data obtained from the Nigerian Exchange Limited (NGX) in May on the activities of insiders on the bank’s shares […]
UBA lists N6.84bn Rights Issue to boost capital base
Post AMUGEMay 28, 2025
Onome Amuge United Bank for Africa Plc (UBA) has officially listed 6,839,884,274 additional shares on the Nigerian Exchange (NGX), following a successful Rights Issue. This move is expected to boost the pan-African financial institution’s capital base and reinforce investor confidence. The shares were offered at N35.00 per share, on the basis of one new share […]
Otedola pledges N320bn cash injection into First Holdco
Post AMUGEMay 23, 2025
Targets African banking dominance Onome Amuge Femi Otedola, prominent activist investor and Chairman of First Holdco Plc, has expressed profound optimism regarding the future direction of First Bank, Nigeria’s oldest financial institution. Speaking at the company’s 13th Annual General Meeting on Thursday, Otedola revealed his intention to inject over N320 billion in cash, without any borrowing, […]
Access Holdings boosts tech investment by 147% y/y to N193.5bn
Post AMUGEMay 19, 2025
Bamidele Famoofo L-R: Roosevelt Ogbonna, Non-Executive Director, Access Holdings plc; Aigboje Aig-Imoukhuede, Non-Executive Chairman; Bolaji Agbede, Acting Group Chief Executive Officer, and Sunday Ekwochi, Company Secretary, at the 3rd Annual General Meeting of Access Holdings plc, held in Lagos, recently. As global financial fraud surges to over $485 billion in annual losses, Access Holdings Plc is setting a new standard […]
Access Bank: Exploring the risky frontiers for greater heights
Post AMUGEMay 12, 2025
Bamidele Famoofo Roosevelt Ogbonna, managing director and chief executive officer, Access Bank Limited Just like the JP Morgans of this world, the philosophy of Access Bank Limited, the heartbeat of Access Holdings Plc, one of Nigeria’s leading financial groups, is that there is no gain without risk. The Bank which boasts of the largest assets […]
Fidelity Bank’s Q1 profit soars 167.8% to N105.8bn on asset growth
Post AMUGEMay 12, 2025
Onome Amuge Fidelity Bank has reported a strong start to 2025, with pre-tax profit rising 167.8 per cent to N105.8 billion in the first quarter from N39.5 billion in the same period last year, fuelled by an expansion of the bank’s earning asset base. Unaudited financial statements submitted by the Tier-1 lender to the Nigerian […]
Bank earnings cool as top lenders post N1.56trn PBT in Q1 2025
Post AMUGEMay 5, 2025
High interest rate drives earnings growth Aggregate PBT shrinks 0.64% year-on-year Onome Amuge Nigeria’s banking sector delivered a seemingly strong performance in the first quarter of 2025, marked by significant increases in interest income for several lenders and currency-driven gains for a select few. However, beneath the headline figures, there are indications the period of […]
There Is Possible, Then There Is More: A quick look at the new Stanbic IBTC Bank campaign
Post AMUGEMay 2, 2025
Bamidele Famoofo In the ever-evolving world of business, inspiration can strike anywhere – digital billboard, a social media feed, or even during a casual stroll past a bustling marketplace. Recently, a bold Open Letter to all CEOs by Stanbic IBTC Bank captured widespread attention, sparking curiosity about its underlying message. It made many pause and […]
GTCO Q1 profit hits N300.4bn despite drop in fair value gains
Post AMUGEMay 2, 2025
Onome Amuge Guaranty Trust Holding Company (GTCO) Plc has reported a profit before tax of N300.4 billion for the first quarter ended March 31, 2025, reflecting strong underlying performance despite the absence of significant fair value gains that boosted the prior year’s results. The financial results, filed with the Nigerian Exchange Group (NGX) and the […]