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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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Sports

DR Congo Stun Portugal with Hard-Fought Draw in FIFA World Cup Opener

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DR Congo Stun Portugal with Hard-Fought Draw in FIFA World Cup Opener—–European giants Portugal were forced to settle for a point after a resilient DR Congo side produced a spirited display in their opening Group K clash at the 2026 FIFA World Cup.

Portugal entered the match as overwhelming favourites, boasting one of the most talented squads in the tournament and carrying expectations of a deep World Cup run. However, DR Congo delivered one of the standout performances of the opening round, battling their way to a hard-earned 1-1 draw and sending a message to the rest of Group K.

From the opening whistle, Portugal dominated possession and attempted to impose their trademark passing game. Midfielders controlled the tempo, circulating the ball patiently as they searched for openings in a well-organized Congolese defense.

Despite Portugal’s territorial dominance, DR Congo remained disciplined. The African side sat compactly, denying space between the lines and forcing Portugal into speculative efforts from distance. Whenever possession was regained, DR Congo transitioned quickly, using their pace and physicality to threaten on the counterattack.

Portugal eventually broke the deadlock after a sustained spell of pressure. The European giants carved open the Congolese defense with a swift attacking move, allowing their forwards to capitalize and put the Seleção ahead. The goal appeared to settle Portugal and many expected them to push on for a comfortable victory.

Instead, DR Congo responded magnificently.

Refusing to panic, the Leopards gradually grew into the game and began committing more bodies forward. Their persistence paid off when they found an equalizer, sparking wild celebrations among their supporters. The goal shifted momentum dramatically and exposed Portugal’s growing frustration.

The second half became increasingly tense as Portugal searched desperately for a winner. Chances came and went, with the Congolese goalkeeper producing several crucial interventions while defenders threw themselves into blocks to preserve the scoreline.

Cristiano Ronaldo remained at the center of Portugal’s attacking efforts, attempting to inspire his side through moments of individual brilliance. However, DR Congo’s defensive structure held firm, limiting clear-cut opportunities and frustrating the Portuguese captain throughout the contest.

As the clock ticked down, Portugal threw numbers forward in search of a decisive breakthrough. The pressure intensified in the closing stages, but DR Congo continued to defend heroically while still posing a threat on the counterattack.

When the final whistle sounded, the contrasting emotions were evident. Portuguese players looked disappointed after dropping points against a team they were expected to beat, while DR Congo celebrated a result that could prove crucial in their quest to reach the knockout rounds.

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Trump and Pezeshkian Finalize Historic Accord to End War and Restore Gulf Shipping

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Trump and Pezeshkian Finalize Historic Accord to End War and Restore Gulf Shipping—-Landmark U.S.-Iran agreement takes effect as both leaders formally endorse a 14-point framework aimed at ending months of conflict, restoring maritime trade, and launching broader diplomatic negotiations.

U.S. President Donald Trump and Iranian President Masoud Pezeshkian have electronically signed the “Islamabad Memorandum,” a historic peace agreement designed to end the conflict between the United States, Israel, and Iran while reopening the strategically vital Strait of Hormuz. Pakistani officials confirmed that the memorandum has entered into effect following the signatures of both leaders.

The agreement, brokered with significant mediation from Pakistan, establishes an immediate halt to military operations and lays out a framework for a broader settlement to be negotiated over the next 60 days. The memorandum also commits both sides to reopening the Strait of Hormuz, one of the world’s most important energy shipping routes, easing concerns over global oil supplies and maritime security.

According to details released by U.S. officials, the 14-point accord includes provisions addressing Iran’s nuclear activities, sanctions relief, maritime security, and economic reconstruction. Iran reportedly reaffirmed that it will not pursue nuclear weapons, while the United States agreed to begin a phased process tied to future negotiations and compliance measures.

The reopening of the Strait of Hormuz is among the most consequential elements of the agreement. The waterway carries a significant share of the world’s oil and gas exports, and its disruption during the conflict contributed to volatility in global energy markets. Officials say commercial shipping will gradually resume under new security arrangements outlined in the memorandum.

While diplomats have hailed the accord as a major breakthrough, officials on all sides acknowledge that substantial challenges remain. The memorandum serves as an interim framework rather than a final peace treaty, with negotiators expected to meet in Switzerland to work toward a comprehensive and binding settlement.

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