Connect with us

Money Market

Despite Difficult Times, FirstBank Excited Families With Unique “Decemberissavybe” Experiences

Published

on

WHY THE 2022 EDITION OF DECEMBERISSAVYBE BY FIRSTBANK WASN’T JUST ABOUT THE EXCITEMENT BUT MEMORIES

It was glitz and glamour as the premier and leading financial institution in the country, FirstBank thrilled their customer with a memorable “DecemberIssaVybe” at the just concluded Vibe on the Beach, featuring sensational music act, Ayodeji Ibrahim Balogun widely known as Big Wiz.

The timing of the concert was right, having had Asake and Kiss Daniel’s concert precede that of the grammy award-winning music sensation.

DecemberIssaVybe is not just about music but fun, fun, and fun in its entirety, from stage, plays to art and culture… the list comprised Culturati to Beeta Arts Festival Abuja, Koffi Tha Guru Unorthodox, Duke of Shomolu Production’s Encore, Our Duke Has Gone Mad Again and Ufok Iban.

Others supported by the Bank include; Joromi: The Musical Concert; Osamede, Awo, and Ufok Iban by Duke of Shomolu Productions.

So back to the main gist… tell me who does not love gist, especially when it comes to Big Wiz.

Vibes on The Beach was held at Landmark Beach Oniru, Lagos on Friday, December 30th, 2022. It was unarguably an amazing night of fun and nothing but a star-studded show which exploded the audience to the height of ecstasy and rhythm of bliss courtesy of FirstBank.

With the kick time slated for 6 pm, the environs of Oniru were a beehive of activities as thousands thronged Landmark to be a partaker of the grandest Lagos concert of the year.

The organizational skills of the organizers and sponsors were nothing short of perfection as Landmark was transfigured into a haven of an international center, divided into regular, VIP, and VVIP.

Of a truth, the attendees who cut across individuals, friends, family members who came for reunions, and lovers were all smiles as they passed through the passage of entrance branded with FirstBank, the only financial brand which has provided them the opportunity and platform for yet another memorable homecoming experience with their idol, Wizkid.

Those at the regulars, VIPs, and VVIPs stands were mesmerized by the decoration and branding of the venue and the cool atmosphere which prepared them for the entrance of their favorite show hosts, Mr. Macaroni and Kiekie whose real names are Bukunmi Adeaga-Ilori.

Guests and fans of Big Wiz were in High expectations of the fun-filled experience they signed for the night when Popular skit maker cum musician, Oderhohwo Joseph Efe, famously called Carter Efe and Berri Tiga sang their trendy song, Machala, a blend of Afro-fusion. The song is widely attributed to be an anthem in honour of the superstar singer, Wizkid.

Afterward, Landmark was thrown into a frenzy as Big Wiz, the biggest act of the night was ushered on stage. Interestingly, the entrance of Big Wiz was a barrier breaker and line crosser as those in the regular, VIP, and VVIP stands all melted into unison to the scintillating performance of the music superstar as he took everyone down memory lane starting from his evergreen debut singles to the newest and fresh contemporary songs. And guess what? Wizkid surprised everyone and added a juicy flavour to the event by doing a collaboration with the popular act, Naira Marley.

Truth be told, the 2022 edition of “#DecemberIssaVybe” by FirstBank goes beyond excitement but birthed memories that will be hard to fade off attendees’ minds for many years.

The bank’s dedication to going beyond functional products and benefits for its stakeholders and providing these types of enabling experiences sets it apart in the industry and solidifies its position as a leader in not just directly supporting the arts and entertainment industry but economically impacting its value chain.

Anyone not following the Bank is surely on a long thing but hey, it is never too late as there are still many excitements the Bank creates on its social media ecosystem via @firstbanknigeria (Instagram); @FirstBankngr (Twitter) and First Bank of Nigeria Limited (Facebook).

2023 will surely be another back-to-back hit as the financial giant creates more memorable fun for its customers and followers.

Culled from Saharaweekly

Money Market

Fidelity Records PBT Of N76.3bn For H1 2023

Published

on

Fidelity Bank Records Stellar Performance in FY 2022

…Declares interim dividend of 25 kobo Per Share

Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result.

A review of the results published on the Nigerian Exchange Group (NGX) on Friday, 1 September 2023, showed a positive performance across all financial indices, reaffirming the Bank’s position as one of the fastest-growing and well-managed financial institutions in Nigeria. Gross earnings for the period grew by 59.6% to ₦247.1billion from ₦154.8billion reported in June 2022. Profit After tax stood at ₦61.9billion representing a growth of 166.0% over ₦23.3billion recorded in the corresponding period. This translates to an Earning per Share of 194kobo. The Bank’s Net Loans & Advances grew by 25.1% from ₦2.1trillion recorded as of December 2022 to ₦2.6trillion in June 2023 with corresponding growth in Customer Deposits which increased by 23.2% to ₦3.2trillion from ₦2.6trillion in December 2022.

The Bank’s balance sheet remained strong with a 27.4% growth in Total Assets from ₦3.9trillion in December 2022 to ₦5.1trillion. The Bank’s non-performing loans remained low and within the regulatory threshold at 3.24% with adequate coverage of 111%. Return on Equity (ROE) and Return on Assets (ROA) closed at 34.9% and 2.8% respectively.

On the back of the strong H1 2023 performance, the board of the bank approved an interim dividend of 25k per share making it the second consecutive year the bank would be paying interim dividends and another demonstration of its capacity to provide shareholders with sustainable value.

Commenting on the Bank’s laudable performance, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc noted, “We are pleased to report on another period of quality growth across all financial and non-financial indices. Our performance during the first half of the year reflects the resilience of our bank and the fundamental strength of our business to deliver long-term sustainable value at a time that has been characterized by global economic headwinds. As a bank, we remain committed to our goal of helping individuals to grow, inspiring businesses to thrive, and empowering economies to prosper.

The Bank’s impressive H1 2023 results come to join a string of recent achievements by Fidelity Bank. It would be recalled that the Bank’s stock was reclassified from small-price stock to medium-price stock by the NGX in July 2023 on the back of a consistently impressive performance.

Similarly, the bank recently emerged as the company with the highest earnings per share on the NGX based on half-year financial figures for the second year running.

To sustain this sterling performance, the bank’s shareholders, at an Extra-Ordinary General Meeting held on 11 August 2023, unanimously approved a capital raising exercise via a Public Offer and Rights Issue.

“We will continue to monitor and proactively manage the evolving risks in the economy while ensuring our commitments to our customers and shareholders are fulfilled. The interim dividend of 25kobo per share, a 150% increase compared to the 10kobo interim dividend in 2022FY, attests to the value we place on the unwavering support from our shareholders”, stated Onyeali-Ikpe.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria at the 28th annual Euromoney Awards for Excellence 2023; and the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

Continue Reading

Money Market

Fidelity Bank To Aid Schools Prepare For New School Sessions With Edu Loan Product

Published

on

Fidelity Bank records highest earnings per share on the NGX for H1 2023

By Moninuola Sulaiman

 

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education.

 

Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria can access loans of up to N180million.

 

In a chat with journalists, Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede said, “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any nation and this informed our introduction of the Fidelity Edu Loan. Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments.

 

“Similarly, schools can leverage the Fidelity Edu Loan to purchase fixed assets like school buses, generators and construct new school buildings.

To be eligible for the product, the requesting customer must have operated their educational institution for at least three years and should be duly registered with the relevant authorities.

 

“The Fidelity Edu Loan is part of our larger education finance proposition at Fidelity Bank as we aim to empower everyone within the education ecosystem, including the schools, parents, and contractors, with amazing financial and non-financial products and services.

 

For instance, we have the Fidelity Personal loan which provides instant loans of up to N5 million to employees of private and public organisations by simply dialing *770*08# from their mobile phones. This can become handy for paying school fees or meeting other personal needs”, explained Ede.

 

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

Continue Reading

Money Market

Global Alliance For Banking On Values Visits LAPO Microfinance Bank

Published

on

Global Alliance For Banking On Values Visits LAPO Microfinance Bank

Rashidat Okunlade Writes

Martin Rohner, Director, Global Alliance for Banking on Values (GAVB) has visited LAPO Microfinance Bank, a member of the Global Alliance for Banking on Values (GAVB) and founding member of the GAVB- Africa Chapter.

Globally, the discussions on sustainable finance and climate change are on the front burner between State and Non-State actors. Energizing and leading this discourse are institutions and organized bodies such as LAPO MfB and GAVB. In 2019, LAPO MfB in partnership with GAVB organized the first-ever international sustainability conference themed “Enhancing Sustainable Finance in the Microfinance sub-sector” https://www.lapo-nigeria.org/Environmental-Social-Governance

Global Alliance For Banking On Values Visits LAPO Microfinance Bank

Left-Right: Israel Aibuedefe, Executive Director, Business Support, Cynthia Ikponmwosa, MD, LAPO MfB, Martin Rohner, Executive Director, Global Alliance for Banking on Values, Faith Osazuwa-Ojo, Executive Director, Operations, LAPO Microfinance Bank.

In a statement released by the bank, Oluremi Akande, Director of Marketing and Communications, says, “Beyond Savings and Loans, LAPO MfB is deliberate about its social performance. In essence, the bank has carefully designed social components into its business operations, products, and services it provides, to ensure a positive impact on people, and the planet, and profit in the most sustainable manner.

Akande reiterates, “Our vision is to continue to deliver triple-bottom-line returns through our genuine commitment to the implementation of our various ESG mandates, partnerships, and advocacy programs aimed at improving the lives of members of low-income households, especially, women and children”.

https://www.linkedin.com/feed/update/urn:li:activity:7087356785497452545 

The earth is our habitat; its sustenance largely depends on deliberate individual and collective actions!

Continue Reading

Trending