In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application ...
SWIFT announces today that Tony O. Elumelu, C.O.N, African businessman, investor and , will deliver the closing address at the SWIFT African Regional Conference on 18 May 2017 in Abidjan, Ivory Coast. The conference ...
Wema Bank Plc. has announced the appointment of Babatunde Kasali, a non-executive director, as the new Chairman of the Board. This followed the resignation of its Chairman, Adeyinka Asekun, following his nomination as ...
By OLUSHOLA BELLO, Stocks hit a four-month high earlier this week, lifted by gains in Nigeria’s largest indigenous energy conglomerate, Oando PLC, and improved investor sentiment towards the country’s recession-hit economy. The stock market had gained N117 billion by Tuesday this week to extend a bullish eight-day run, while Oando rose by 131%, its highest […]
By OLAJIDE FABAMISE, United Kingdom Deputy High Commissioner to Nigeria, Laure Beaufils, has said there is need for Nigeria to grow a vibrant thriving diverse franchise sector that will help the country to drive the creation of successful businesses across the nation and create many more good jobs that the country needs. Beaufils stated this […]
By MARK ITSIBOR, The Federal Ministry of Finance says the federal government has so far spent over N1.2 trillion for capital projects under the 2016 budget plan. According to a statement from the ministry, ministry of Power, Works and Housing received the largest allocation of N307,411,749,682, followed by Defence and Security, N171,900,597,013 and Transport and […]
Mr Umar Dansuleka, President, Kano State Chamber of Commerce, Industry, Mines and Agriculture, has asked the CBN to revert to its 2016 Forex policy that pegged exchange rate at N250.
The post Revert to 2016 Forex policy of N250, Kano Chamber advises CBN appeared first on Vanguard News.
The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has called on members of the public to ignore rumors of financial distress in some banks that are being circulated through text messages and social media to de-market those banks and destabilize depositors’ confidence in the banking system. In a press release […]
Emirate Airlines said it recorded profit of 670 million dollars in its 2016/2017 financial year, which ended on March 31, 2017. The airline, which made this known in a statement by its spokesman, Ijeoma Okolie, on Thursday in Abuja, said that the performance reflected steady business growth in 29 consecutive years. It said that Emirate […]
UNION Bank of Nigeria, UBN Plc has commenced the process of rolling out N50 billion rights issue after getting shareholders’ nod to raise additional capital to finance its growth strategy. The shareholders at the 48th Annual General Meeting, AGM, held yesterday, in Lagos charged the Board of Directors to ensure the price and timing of the rights issue are favourable to enable members partake in the exercise.
The post UNION BANK’S RIGHTS ISSUE: Investors seek favourable pricing, timing appeared first on Vanguard News.