Pan African financial institution, United Bank for Africa (UBA) Plc, has again rewarded its loyal customers in its Bumper Savings Promo in line with its unwavering commitment towards prioritising its customers’ financial well-being as well as boosting savings culture in Nigeria. Since the bank commenced the promo in 2020, over 200 winners have emerged from the initiative that continues to […]
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Airtel Networks Limited (Airtel Nigeria) has initiated a process to buyback 8.27% minority shareholdings at N55.81 per share, estimated at N61.24 billion. Buyback is a corporate action in which a company buys back (repurchase) its shares from the existing shareholders — usually at a price higher than the market price. Ownership consolidation, stock undervaluation or […]
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Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its audited financial results for the period ended June 30, 2021, to the Nigerian and London Stock Exchanges. A review of the results shows a decent performance across key financial metrics against the challenging business environment. This performance reaffirms […]
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By Suleiman Shehu The organised labour has said it will oppose any plan by the Federal Government to increase the price of electricity or petrol to avert crisis in the economy. Mr Babatunde Olatunji, President, National Union of Chemical, Footwear Rubber Leather and Non-Metallic Product Employees (NUCFRLANMPE), made the appeal at 29th Annual Industrial Relations […]
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The Nigerian National Petroleum Corporation (NNPC), has declared Profit after Tax (PAT) of N287billion in the year 2020. This was contained in an announced made by President Muhammadu Buhari. According to a communique by his special media aide, Femi Adesina, the President’s announcement is in fulfillment of an earlier pledge by the Federal Government to […]
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Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from their websites, www.heirsinsurance.com and www.heirslifeassurance.com, in mere minutes. The revolutionary, interactive websites—first of their kind in Nigeria—ensure that customers have access to quick insurance, completing transactions in minutes wherever they are, without any human […]
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The Central Bank of Nigeria (CBN) says it has banned sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. The governor of the apex bank, Godwin Emefiele, announced this decision at the end of the monetary policy committee meeting in Abuja on Tuesday. Emefiele said the apex bank received about […]
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Ufuoma Ilesanmi got the Young Entrepreneurs International Recognition for business leaders in Nigeria who are below 40 Years old. The award was presented at the annual gathering of young minds who has successfully contributed to economic growth and development in their various field. Notable young business leaders and entertainment practitioners that were recognized include Mr. […]
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NOVA Merchant Bank held its 4th Annual General Meeting in Lagos where shareholders commended the board and management for its impressive performance over the years. At the meeting held on the 30th of June 2021 at the Head Office, No. 23 Kofo Abayomi Street Victoria Island, shareholders approved the payment of N800m as dividend for the […]
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The Nigerian Exchange (NGX) Limited, on Tuesday, July 13, marked the listing of Guaranty Trust Holding Company Plc’s (“GTCO Plc”) shares with a Closing Gong Ceremony on the main floor of the exchange. This follows the completion of all regulatory requirements for the corporate reorganization of the leading financial institution into a holding company structure […]
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