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 […]
– Tony O. Elumelu, CON, Chairman of United Bank for Africa, Heirs Holdings and Founder of the Tony Elumelu Foundation speaks to 21,000 youth at the Joshua Generation International Youth Conference at the University of Nigeria, Nsukka. The Chairman of the United Bank of Africa (UBA), Mr. Tony Elumelu, has stressed the need to unlock […]
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 […]
MTN is stifling the progress of Nigeria’s small and medium-sized enterprises by ensuring that access to airtime and data through simple technology is cumbersome. With the increase in the transfer charges on USSD, MTN is looking to drive Nigerian SMEs who sell data and airtime out of business. MTN has also compelled SMEs who aggregate […]
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 […]
FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking on the appointments, the […]
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, has announced three senior executive appointments, effective February 1, 2021. This follows the launch of the 2021 TEF Entrepreneurship Programme, on www.TEFConnect.com, which this year prioritises the economic recovery of small and medium scale enterprises and young African entrepreneurs, following the disruptive effects of […]
To improve the security of your transactions and make cheque processing faster and more secure, your cheque book has been redesigned in line with the new standards outlined by the Central Bank of Nigeria (CBN). Please note that effective 1st April 2021, old cheques will no longer be accepted in the cheque clearing system. How […]
Fidelity Bank Plc, top Nigerian lender has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of relevant support that would significantly improve their overall contributions to national development. Fidelity CEO, Mrs. […]
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 […]