Parallex Bank

News

Parallex Bank Strengthens Balance Sheet, Surpasses ₦50bn Recapitalisation Threshold

Felix Ifijeh, THEWILL -
March 10, (THEWILL) — Parallex Bank Limited has strengthened its balance sheet after surpassing the ₦50 billion minimum capital requirement for regional commercial banks set by the Central Bank of Nigeria, marking the completion of its recapitalisation process. The development...
News

N7.15bn Legal Battle: Parallex Bank Accuses Logistics Firm Of Forum Shopping, Seeks Discharge Of Ex-Parte Orders

Felix Ifijeh, THEWILL -
January 19, (THEWILL) — Parallex Bank Limited has urged the High Court of the Federal Capital Territory (FCT), Abuja, to dismiss a N7.15 billion suit filed against it by logistics firm, FHT Mega Express Limited, accusing the company of...
News

Parallex Bank Board Approves Five-Year Tenure Renewal for MD, Dr Olufemi Bakre

Segun Ayinde, THEWILL -
February 23, (THEWILL) – Parallex Bank Limited has announced the renewal of Dr Olufemi Bakre's tenure as its Managing Director for another five years, effective 1st of May 2025. The decision was made by the bank's Board...
Business

Parallex Bank Assures Customers Of Technology-Driven, Premium Services

Aina Ojonugwa, THEWILL -
October 20, (THEWILL) - Parallex Bank has assured customers of continued technology-driven, premium value-adding services that will exceed their expectations. Managing Director of the bank, Femi Bakre, made this known at the opening of the bank's Lekki, Lagos branch on...
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Latest News

Entertainment & SocietyEzaga Evi-Ben, THEWILL -

18th Headies Awards: List Of 2026 Nominees Across Major Categories

The 2026 edition, themed “Africa to the World”, is scheduled to take place on October 25 in Toronto, Canada, as the organisers continue to expand the awards beyond Nigeria.
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