Distinct Media

  Sources within Polaris Bank Limited have revealed the true situation in the financial institution that a section of the media has falsely spun around. According to the sources, there is no such thing as a controversy trailing the Bank, as the reaction within the financial institution stems from some staff's inability to understand and accept positive and productive changes in the Bank's operation. Speaking exclusively with this medium, one of the sources who pleaded anonymity noted that when the new investors acquired Polaris Bank Limited, they set new goals and objectives to drive it to a greater height. He added that strategies put in place to achieve these set targets are what some of the Bank's staff are kicking against because it's a change from the status quo. "As you know, there are some basic things when a new owner acquires a business, be it a bank or whatever, he examines the profit and loss channels associated with such company and tries to promote the

  … with impressive FY’22 financials Fidelity Bank Plc has released its audited financial statements (AFS) for the year ended December 31, 2022 which showed the bank’s impressive growth across key top-to-bottom line figures. The full year 2022 scorecard The bank’s financial results released to the investing public at the Nigeria Exchange Limited (NGX) show its full year (FY) 2022 gross earnings printed higher at N337.050billion, representing 34.4percent increase against N250.776billion recorded in 2021. Net Interest Income (NII) rose by 60.94percent to N152.695billion from N94.879billion recorded in 2021. Its Profit Before Tax (PBT) was also higher at N53.677billion in 2022, up by 112.88percent from N25.215billion recorded in 2021, while the bank’s profit after tax (PAT) for the year 2022 at N46.724billion was 102.2percent higher than N23.104billion profit it recorded in 2021. Its earnings per share (EPS) basic and diluted increased to 161kobo in 2022 from 80kobo in 2021. Fidelity Bank

      A socio-cultural group, Yoruba Council Worldwide (YCW) has described promotion of art and culture as potent panacea for correcting societal ills.   President of the group, Aare Oba Oladotun Hassan made the assertion while unveiling various programme lined up for 5th annual World Omoluabi Festival tagged: EKOFEST 23', that will be held in Lagos State.   Hassan who spoke with journalists in Lagos, said the event which will hold on  May 1, 2023, at the National Theatre, Iganmu, was part of the proactive measure taken by the council to address various societal ills ravaging the country .   According to him, the epoch making event will showcase the true Yoruba Omoluabi identity, aesthetic arts and cultural heritage ranging from dance, music, ewi, traditional festivals from various towns and villages like Zangbeto, Onilu Oba Eko, Gelede, Egungun, Eyo, Ayo Olopon, foods. While communities like Ijebus, Ife, Egba-Abeokuta, Egun and Awori heritage and lots more will also be on standby

    ...restates commitment to stemming the scourge      Polaris Bank has announced that it has commenced breast cancer screening for its staff and customers meant to reduce the incidence of breast cancer in Nigeria.   The Bank's Group Head, Strategic Brand Management, Nduneche Ezurike, made this known in Lagos while reiterating the Bank's unwavering commitment and partnership to stem the breast cancer scourge among women.    Polaris Bank notes that increased awareness, screening, advocacy, and support will go a long way to reducing the incidence of breast cancer in the country.   The screening exercise, which is in its 4th phase, commenced in April and will hold once every month. It is open to the Bank's interested female staff and customers. The screening exercise is in Partnership with COPE and holds at the NGO’s, Adeniyi Jones, Ikeja, Lagos Office.   Mr. Ezurike noted that healthcare is one of the pillars of Polaris Bank's Corporate Social responsibility (CSR), stres

  …… Declares total dividend of 50K per share Lagos, Nigeria, April 27, 2023: Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1% YoY expansion in earnings base to N2.64trn. This led to a Profit Before Tax of N53.7 billion representing 112.9% annual growth. Commenting on the Bank’s impressive performance, Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc said, “We are happy to report another year of impressive double-digit growth across key income and balance sheet lines. This validates our growth strategy and capacity to deliver superior returns to shareholders.” Further review showed that Net Interest Income increased by 60.9% YoY to N152.7bn. The high yield environment had a

Graduates of the MultiChoice Talent Factory (MTF) have been nominated for awards in different categories at the 9th Africa Magic Viewers’ Choice Awards scheduled to hold 18-20 May.  The nominations are in addition to the MTF awards category which is dedicated to films from the Academy. MTF alumni, Wilson Nkya and Philipo Ngonyani were nominated in the Best Movie East Africa category for their work titled ‘Mvamizi’, while Nkya received another nomination with Jane Moshi in the category for Best Indigenous Language: Swahili, for the movie titled ‘Frida’. Orire Nwani was also nominated in the Best Short Film/Online Video category for ‘Love Language’ while Emmanuel Mwape was nominated in the Best Movie Southern Africa category for ‘Silver Lining’.  MTF Director for Africa, Nwabisa Matyumza said the nominations highlight the success of the MTF Academies in educating the next generation of African storytellers and multiplying the impact of entertainment talent on the continent. “Their succes

  By John Green, USA I’m an atheist, I don’t believe in prophecies but philosophy of life. Out of the many things in this world, football interests me more and I am an Arsenal fan. I don’t like anything related to God or prophecy even though I get to see several messages and videos of pastors on the internet. I don’t believe them because they don’t appeal to me. The most consistent among them all is Nigerian pastor, Primate Ayodele who speaks about every sector of the country. I have never been interested in his messages until he spoke about the fate of Arsenal and Chelsea. The reason his message about Chelsea got my attention is because of his manner of presentation, it sounded very funny to me. His statement was that Chelsea is finished and that nothing good will come out of the club except they receive the blessings of the former owner, Roman Abrahamovic. It’s so surprising that since he made that statement, things even gotten worse for the club and as it stands now, they seem to be

  0  the world becomes increasingly interconnected and  reliant on technology, the need for robust cyber-norms and confidence-building measures has become a pressing issue, therefore global leaders from governments, international organisations, and cybersecurity experts gathered at International Conference on Cyber Diplomacy (ICCD), organised by Cyber Diplomacy Center, Bucharest, Romania, to discuss how international cyber-norms that are widely accepted and followed by all actors in the digital space could be developed and promoted. Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, who participated virtually during a panel session opined that, first step towards promoting the development of international cyber-norms is to increase awareness among stakeholders through conferences, seminars, workshops, and other awareness campaigns to educate people about the importance of cybersecurity and the need for international cyber norms. The panel sessi

 

 

  fallen due, such a move has been viewed cautiously by supporters and critics of the project alike. These reports also suggest that the company unsuccessfully approached the outgoing president Muhammadu Buhari administration to release the remainder cash sum of 1.7billion dollars which was to have been paid upon completion of the project. According to these reports, President Buhari backtracked after further due diligence was done on the project which revealed that the project would not be completed before 2025 unlike the December 2022 date the company had promised at the time of signing the agreement. As a result, intense pressure is now being mounted on the incoming government of Bola Tinubu to pay the remainder sum of $1.7billion dollars upon taking office as well as approve a new cash injection of 3billion dollars and crude for additional 20% equity in the project so the company can raise sufficient cash in the short term to pay outstanding interest costs and complete the project.

  ...Prays For Nigeria And In-Coming President Bola Ahmed Tinubu The Chairman/CEO,  Futos Homes and Properties, Prince Fuhad Oloto has congratulates Muslim faithfuls all over the world for the peaceful celebration of this year's Eid-il-Fitri. The ebulient real estate practitioner and unrepentant humanitarian, made this known to High Celebrity Squard Media on Friday, the 21st of April, 2023 during the annual Islamic festival. Known for his fervent approach towards humanitarian activities, the prince of Oloto royal family urged all Muslim brothers and sisters to be calm and pray for our country, Nigeria. According to him, what the country needs now is vehement prayers and supplication to the Almighty Allah to help redirect the country's ship to the desired harbour. Fuhad calls on Islamic faithfuls to be more prayerful and obey the commandments as laid down by Prophet Mohammed (SAW) and be helpful to one another. He also warned on Muslims to shun any illegal acts that may jeopardi

  As Lagosians prepare to celebrate the Eid-il-Fitr festival, the Lagos Waste Management Authority (LAWMA) has appealed to residents to shun indiscriminate waste disposal, reiterating its commitment to ensuring a clean and healthy environment during and after the festive season. The Managing Director/CEO of LAWMA, Ibrahim Odumboni, in a press statement, noted that waste management was an essential service that must be provided for the well-being of the people and the environment. He assured residents that LAWMA was prepared to handle the expected increase in waste generation during the festive season, urging them to properly bag their waste and put them in covered bins, to avoid loose waste on the road median and setbacks. The LAWMA helmsman stated that PSP operators had been directed to discharge their duties effectively with the agency offering backup services to fill in any gaps. "We understand that there will be an increase in waste generation during the festive season, but we

AAin, the preposterous media attacks from the same jealous unfortunate people has flunked. Initially, we wanted to ignore the watery article, but for prosperity, we thought it wise to lay the answers line by line for reasons of educating their inglorious sanity.  Naturally, people who have lost all hope in life will always blame their misfortune on successful fellows. This can be described as the case of the pathetic fellows who have employed themselves, solely, with the task of bringing down Alhaji Abiodun Isola Ejigbadero and his family. They have subjected themselves to self-induced agony, as all efforts and energy channeled towards defaming Abiodun Ejigbadero have always been futile - from the series of sponsored social media blackmail to both physical and spiritual attacks to arrest attempts and many more. Without emphasizing the low pedigree and sanity of the persons involved in this fruitless task, it is pertinent to quickly state that the issue being repackaged and reproduced e

The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Bank made the top 10 list. Both companies are listed on the Nigerian Exchange Limited (NGX). The list is unique in that it is based on data-driven research. Sponsored by Standard Bank Group, it represents one of the first analyses of the performance of publicly listed companies in Africa conducted through a gender lens. This year’s list of 93 women represents 17 countries who have qualified based on either large-scale revenue or large-scale market capitalisation. BusinessDay check shows the list includes 40 women from South Africa, 12 from Nigeria, and 6 from Egypt, Ghana and Kenya respectively. Africa.com analysed 2,020 companies listed on the 24 African stock exchanges. Of the 2,020 companies, Africa.com screened for those companies with revenue of $

  The Lagos Waste management Authority  (LAWMA), and the state's Ministry of the Environment, have paid a field visit to Polysmart, a wholly indigenous multimillion dollar plastic recycling facility, located in Aiyetoro, Lagos-Ibadan Expressway, to explore areas of partnership, towards solving plastic pollution challenge in the state and across the country The firm, which began production in 2021, is into complete recycling of used plastic bottles, from collection to the production of six million food grade pet bottles on a daily basis. Speaking during the facility tour of the factory, the Managing Director/CEO of LAWMA, Mr. Ibrahim Odumboni, noted that the establishment of that firm was a dream come through, in actualization of the uncommon diligence and determination of the management team of the firm. He said," This is a strong indicator that LAWMA is making all best possible efforts at ensuring plastic pollution is tackled in the state and here we are with Polysmart. I cou

The Senior Pastor, Word Alive Ministries, Ibadan, Arc. Alex Adegboye on Tuesday, called on Nigerians to return to God and live in righteousness, for the country to end the many tribulations facing it. Speaking in Ibadan, as the Ministrt popularly known as Stone Church prepares for its 30th Anniversary, Adegboye also said Nigeria is a country created by God for a purpose.  He charged Nigerians to ensure that they carry out the will of God over the country, saying God's kingdom of righteousness, peace and joy will come to the land soon. Adegboye, however stressed that God will reign in Nigeria, despite the challenges facing the country.  Quoting Proverbs 14:34 from the holy book, Adegboye added that the scripture gives Human beings the opportunity to return to God, each time they err, saying doing things right, as Nigerians will exalt the country. Arc. Adegboye who expressed displeasure at the rate Nigerians break law with impunity, urged them to adhere to the stringent laws of the l

      The World Food Forum (WFF) of the Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Creative Youth Community Development Initiative - Solution17 for Climate Action will host Art for Climate Change at the WFF 2023, FAO headquarters in Italy.   The effects of Climate Change on food and agriculture are unprecedented. It is reducing economic growth, raising food prices, decreasing food availability and causing conflict and instability across communities around the world.   The challenges are affecting global agrifood systems and impacting both access to and availability of food. WFF, in partnership with Solution17, is raising global awareness and spurring everyone to action through sustainable, project-based art and culture exhibitions to inspire and galvanize widespread discussion and action around the 2023 WFF theme: “Food Action Accelerates Climate Action”.   The WFF is opening a call for submission of essays inspired by the 2023 theme, Food A

House of Representatives candidate of All Progressives Congress (APC) for Oluyole federal constituency in today's elections, Hon. Tolulope Akande-Sadipe, has dedicated her re-election at the polls to her late mother, Princess Bamidele Abiose Akande and the entire people of the constituency. In an appreciation speech, after her declaration as House of Representatives member-elect, the lawmaker said, “Today I dedicate this victory to God Almighty, my late mother, my husband and my family who has sacrificed a lot to allow me do this. I dedicate this to all leaders of APC, who have stood by me and all members of Oluyole Federal Constituency”. Akande-Sadipe, who currently represents Oluyole federal constituency in the House of Representatives, reaffirmed her commitment to deliver more dividends of democracy to her constituency. While pledging to rededicate herself to the service of the people, Tolulope Akande-Sadipe stated that she will ensure more gains of democracy are brought to Oluy

    Oyo State Universal Basic Education Board on Wednesday revealed that it has pardoned some categories of workers who were found culpable of collecting illegal fees from pupils. The Executive Chairman, Oyo State Universal Basic Education Board, Dr. Nureni Aderemi Adeniran said the pardon was to show compassion to fellow human beings, especially at a time when economic difficulties in the country are biting hard on families of persons either on suspension, without jobs or at the risk of losing jobs. He however issued a stern warning that they must desist from collecting illegal fees or any other misdeeds which are against the ethics of civil service. Speaking during a Board meeting in Ibadan, Adeniran said "the Board has pardoned the Headteachers caught collecting illegal fees in some Basic Schools, despite the recommendations of Disciplinary Panel".  Dr. Adeniran equally said other officers, identified with various irregularities according to the extant rules in the State c

 PUBLIC SERVICE ANNOUNCEMENT This is to inform the General Public that on-line registration for recruitment into Nigerian Army for 85 Regular Recruits Intake (RRI) for Trades/Non Trades Men and Women has commenced from 13th March, 2023 and it will close on 14th April, 2023. The general public should note that application form is free and is available online at the recruitment portal https://recruitment.army.mil.ng. All applicants will be screened online and qualified applicants will be shortlisted to attend the physical screening exercise at the State Recruitment Centre, Adekunle Fajuyi Cantonment, Odogbo Baracks, Ibadan, Oyo State. However, applicants must not be less than 18 years of age or more than 22 years of age for non -trades me and women, while trades men and women must not be more than 26 years as at 15 June , 2023. Interested Male and Female indigenes of Oyo State who wish to apply are hereby advised to do so without delay. Applicants should note that they can obtain Oyo Sta

UNDER ITS N25Billion CERPAC SPV SECURITIZATION   DLM Capital Group has redeemed a major part of the CERPAC Receivables Securitization Funding SPV and paid investors involved in the N25 Billion Future Flow Receivables backed Securitization transaction, a total of N20.161Billion. These redemptions were for the Discrete and Series 1 bonds executed by the Group.   The CERPAC N25 Billion Securitization Programme is a five-year bond issuance created in May 2017 when Continental Transfert Technique Limited (“the Sponsor”, “the Seller”) sponsored the incorporation of the special purpose vehicle, to raise funds in connection with the funding program for the purchase of current and future receivables accruing to the seller from the sale of the Combined Expatriate Residence Permit and Alien Cards (CERPAC Cards) in Nigeria. CERPAC Receivables Funding SPV is unique in the sense that the only metric that informs the success of the company is the performance of the purchased CERPAC Receivables, which

 April 10, 2023 We Are Determined To Ensure That Democracy Works In Nigeria We, the Lagos State chapter of the Peoples Democratic Party (PDP) are aware of the campaign of calumny against our Governorship Candidate and other candidates in the state in the 2023 General Elections. May we use this opportunity to let our numerous supporters know that we remain unshaken in our belief that democracy has come to stay in Nigeria and we will not allow some undesirable elements truncate what we all fought for and which we should enjoy together. Some of the tales being told about our Governorship Candidate in the 2023 elections, Dr. Abdul-Azeez Olajide Adediran aka Jandor, about the events leading to the election are nothing but products of the imagination of some of our oppositions and moles within the party. We want to urge our numerous supporters to disbelieve the rumour in town that Jandor disregarded the hierarchy of the party in some of his decisions and campaign programmes. The peddlers of

....offers customers shopping discounts Polaris Bank has assured that her current customers and prospects alike can shop seamlessly and carry out all their transactions via its alternate channels: VULTe, USSD *833#, Polaris Mobile, PolarisXperience, ATMs, and PoS terminals during the Easter holiday. This was disclosed by the Bank’s Group Head, Strategic Brand Management, Nduneche Ezurike while speaking on the readiness of the Bank to ensure that customers and non-customers enjoy the benefits of using Polaris Bank’s alternate channels during Easter period. Nduneche said, “VULTe digital banking platform makes it easy to bank on the go, enabling customers and non-customers to instantly meet their payment needs and obtain loans anywhere and at any time directly from their mobile device.” He explained that VULTe allows customers to manage their accounts, send money, obtain loans, pay bills, buy airtime, pay merchants, and do other transactions. “It is secure, reliable, convenient, and avail

Sterling Bank Plc, has announced that it has now completed a significant milestone in its  on-going transformation to a financial holdings company with the delisting, transfer,  and re-listing of all shares to the Sterling Financial Holdings Company on the floor of the  Nigerian Exchange. The relisting signifies another major development in the ongoing  transition, as unanimously approved by its shareholders.  Under the Scheme of Arrangement, Sterling Bank's issued and paid-up share capital,  valued at 28.8 billion outstanding shares, will be passed to the holding company in  exchange for the allotment of the same units to shareholders. This move, as ratified by the Nigerian Exchange, follows an approval-in-principle for  Sterling to convert to a non-operating financial holding company as granted by the  Central Bank of Nigeria and is expected to enable Sterling to continue to diversify its  investment portfolio and expand its presence in the financial markets. The relisting also r