brand

…. delivering a YoY growth of 165% United Bank for Africa Plc (UBA), Africa’s Global Bank , released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday May 3rd, 2024, saw outstanding year-on-year increases: Gross Earnings ... Read More »

Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, Lagos on Thursday, was graced by esteemed ... Read More »

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase. The ... Read More »

Unity Bank Plc has engaged students from all the geopolitical zones of the federation as it facilitated financial literacy training in 15 schools as part of activities to mark the 2024 Global Money Week. The Financial Literacy Training was held as a strategy for driving financial inclusion of the Central Bank of Nigeria and Bankers Committee. Unity Bank’s Managing Director/Chief ... Read More »

Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024.In accordance with the Scheme of Arrangement dated March 28 2024, pursuant to Section 715 of the Companies and Allied Matters Act (CAMA), 2020 between ... Read More »

MTN Nigeria has reiterated its commitment to redefining the traditional business landscape and advancing its journey from a Telco to a TechCo. This is even as the company has collaborated with Zoom and SpeechLogix to unveiled Meetings+, an innovative video conferencing platform, that enables SMEs to efficiently conduct uninterrupted virtual meetings and other engagements. The platform also offers affordable daily, ... Read More »

President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26, 2024. According ... Read More »

….Celebrates Airline For The Commencement of the Lagos-London Route   Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to celebrate Air Peace for ... Read More »

The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular signed by Hassan Mahmud, director, trade and exchange department, said it sold $10,000 at the rate of N1,021/$ to each BDCS. The circular titled, ‘SALE OF FX TO BDCs TO ... Read More »

Banks are holding a string of meetings to finalise their recapitalisation plans ahead of the April 30 deadline for the submission of their implementation strategies to the Central Bank of Nigeria (CBN). The implementation/ work plan will detail how each of the banks intends to achieve its new minimum capital requirement within the two-year timeline stipulated by the apex bank. ... Read More »