AfDB bans Maxicare Nigeria Ltd for 36 months over fraudulent practices

The African Development Bank Group on Wednesday announced 36-month debarment on Maxicare Company (Nigeria) Limited. The company blacklisted by AfDB is owned and founded by Christopher Osuala. In a statement titled ‘African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices’, it said this took effect from 23 February […]

GTBank Shareholders Endorse N3.00 Total Dividend for 2020, Applaud Agbaje’s Leadership

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec. 31, 2020. This endorsement was made on Friday, April 9th, 2021, at the Bank’s 31st Annual General Meeting (AGM) held in Lagos. The bank had […]

CBN freeze 11 Bank Accounts under investigations

A federal High Court has granted Central Bank of Nigeria an interim order to freeze 11 bank accounts belonging to businessman, Albert Ugochukwu,Balfour Energy and Allied Services and others, GISTMASTER gathered. The CBN had in a motion ex parte dated March 16, prayed the court for an order directing First City Monument Bank (FCMB) to […]

GTBank declares N238Billion Profit Before Tax

Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to the Nigerian and London Stock Exchanges.A review of the result shows improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the COVID-19 pandemic, reflecting the quality of past decisions […]

Heirs Holdings expands portfolio in Oil and Gas, acquires OML 17 from SHELL Petroleum,TOTAL and ENI

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 […]

HealthPlus,Alta Semper Capital $18Million Equity deal gone wrong

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. […]

Keystone Bank trains SMEs on ways to boost sales during COVID-19

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 […]

Nigerian Bankers Games: Okonkwo Boys Vs Elumelu United

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 […]

Accion Microfinance Bank donate cash,generators to customers living with disabilities

Accion Microfinance Bank donate cash,generators to customers living with disabilities

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 […]

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