Business

Excitement as Port Harcourt Lawyer wins house in Glo Festival of Joy promo

Published

3 years ago

December 9, 2022

Sahara Weekly

Excitement as Port Harcourt Lawyer wins house in Glo Festival of Joy promo

It was another moment of joy and celebrations in Port Harcourt, Rivers

State, on Friday as a lawyer, Chimeka Woke, received the keys to a
3-bedroom apartment won in the ongoing Festival of Joy promo packaged by
foremost digital services company, Globacom.

26-year -old Woke, a father of one, said he could not believe his ears
when he received a call from Globacom. According to him, he had just
dropped off his recuperating father in the hospital for a physiotherapy
session and was waiting when his phone rang only to be told that he had
won a 3-bedroom apartment.

“I literally abandoned my dad and ran to the Glo office on Aba road just
to be sure I heard well”, he said, adding that “ it sounded too good to
be true for someone staying in his father’s Boys’ Quarters to be called
and told he had just won a house”.

Woke who was full of gratitude to Globacom for initiating and
sustaining the promo said, “ It was as if God and Globacom were
monitoring me”, adding that he had been thinking in the last few weeks
on how to mobilize funds to rent an apartment that his small family of
wife and daughter would move into.

The Chairman of Ahoada Local Government Area, Barrister Ben Eke, paid
glowing tribute to Globacom, which he said had a reputation for giving
back to society. He said, “For giving people opportunity to own a house,
I must congratulate you. I am going to be your ambassador in propagating
your good works”.

Also Eze Orlu Ekpodota 1, His Royal Highness, Eze (Dr) Anugbom Onuhua
said “for what Globacom has done today, I am going to be an ambassador
of the company, telling people what you are doing”.

National Lottery Regulatory Commission (NLRC)’s Head of Licensing and
Operations at the Port Harcourt Zonal Office, Mr. Walson Dambo, who
commended Globacom for running a very transparent promo said the
commission had been following the promo to ensure compliance.

To participate in this promo, Globacom said, “ Voice and data customers
just have to dial *611# and recharge with N500 weekly to stand a chance
to win the rechargeable fan, N2,500 monthly recharge for the Sewing
Machine, N5,000 monthly recharge for the generator, and N10,000 monthly
recharge for the car”, it added that “subscribers who desire to become
landlords and landladies of 3-bedroom houses like today’s winner
courtesy of Glo Festival of Joy must make data subscription(s) of at
least N20,000 during the promo period”.

Unveiled in November, 2022, subscribers stand a chance to win a total of
20 units of three-bedroom houses, 24 brand new cars, 100 generators, 200
sewing machines and 1,000 rechargeable fans in the customer loyalty
reward promo.

Bank

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

Published

4 hours ago

May 12, 2026

Sahara Weekly

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

_By AGP News

*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.

The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.

_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.

*Licensing Process Underway*

According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.

Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:

1. Innovation-driven banking and digital financial solutions

2. Corporate financing and structured investment services

3. International financial partnerships and cross-border trade facilitation

4. Financial inclusion initiatives

Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.

*Strategic Shift Amid Global Ambitions*

Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_

Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.

*No Disruption to Existing Commitments*

Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_

The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.

_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._

Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Published

5 hours ago

May 12, 2026

Sahara Weekly

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.

The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).

On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.

The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Business

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Published

7 hours ago

May 12, 2026

Sahara Weekly

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Ms. Zouera Youssoufou, Managing Director & CEO of Aliko Dangote Foundation (ADF) in company with Mr. Ahmed Iya, Head of Community Engagement & Polio Eradication of ADF visited Dr. Rami Ahmad, Vice President (Operations) of the Islamic Development Bank at IsDB Headquarters in Jeddah.

The delegation used the occasion to highlight the activities of the Foundation so far which made great impact on people of all races by enhancing opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden empowerment opportunities for individuals and communities.

Dr. Rami also expressed his expectation of a good and rewarding partnership between the two organisations, as many member countries of the IsDB face pressing debt challenges that constrain their investments in people and livelihoods.