Tony Elumelu’s Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of […]
When a statement appearing to be from the Board of HealthPlus, one of West Africa’s largest integrated pharmacy chains, stated that the company no longer needed the services of its Founder, Bukky George, as CEO, most people were shocked. The decision to terminate George’s appointment came with the announcement of an interim leader: Chidi Okoro. […]
In light of prevalent economic realities of COVID-19 on businesses across the globe, Keystone Bank Limited, has advised Micro Small and Medium Enterprises in the country on the need to increase online presence and grow sales using digital tools. This was the takeaway of a 5-day capacity building training tagged: “Boost With Facebook Digital Marketing […]
How best can one describe the NBG Finals between Fidelity and UBA yesterday? Nerve wracking, enthralling, grueling, entertaining, mesmerizing, ecstatic? You just can’t be wrong on any of these fronts! Simply put: The match lived up to its billing as it had everybody sitting on the edge of their seats. The Okonkwo tutored boys drew […]
In line with its commitment to corporate social responsibility, Accion Microfinance Bank donated two 6.5 KVA generators and a cash of N129,000 to three customers living with disabilities. The Managing director of the bank, Mr. Taiwo Jooda made the presentation at the 2019 customer forum held at Darlington Hall, Ilupeju, Lagos. At Accion, we are […]
United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the […]
Keystone Bank: Emerging whiz-kid on the banking block By: Felix Onajite Since the financial crisis that enveloped the global market a decade ago, the profitability and reputation of banks has been under tremendous pressure worldwide, Nigeria inclusive. Whilst the banking industry is now regaining its health, the entrant of fintechs and neo-banks in the industry […]
One of the nation’s leading financial institutions Diamond Bank Plc may have to shell out the princely sum of N2.6 billion if it loses the suit brought against it by a limited liability company Gitto Costruzioni Generali Nigeria Limited. The company which specializes in construction is suing the bank for allegedly mismanaging its accounts domiciled […]
A non profit, female centric organisation, ImpactHER, has successfully concluded the training of female African entrepreneurs on how to access finance from corporate organisations for the growth of their business. The training conference held last week in Canton Concourse, Maroko, Lagos, saw over 100 women engaged in different lines of business in attendance. In her […]
Lagos, Nigeria – March 23, 2018 – United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed that gross earnings […]
