In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on Nova Merchant Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of the Bank’s financial results for […]
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Nigeria’s President Muhammadu Buhari has approved four airports in Nigeria as Special Economic Zones. The approved airports are Murtala Muhammed International Airport, Lagos; Port Harcourt International Airport, Rivers; Mallam Aminu Kano International Airport, Kano and Nnamdi Azikiwe International Airport, Abuja. This was on Thursday disclosed by the Minister of Aviation, Hadi Sirika. “I am very […]
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The suspended managing director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reacted to new media reports that she solely awarded ports contract during her tenure. Her reaction was contained in a statement signed by Hadiza Bala Usman on Sunday, May 9, 2021. Usman described such reports as “irresponsible, mischievous and defamatory”. It could […]
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Pan African Financial Institution, United Bank for Africa (UBA) Plc has announced that 10 of its loyal customers will get a chance to win N1,000,000 each, in the ongoing UBA Savings Promo which is scheduled to hold on to May 7, 2021 at the bank’s corporate head office, in Lagos. This unique promo intends to appreciate loyal customers of the […]
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A coalition of multilateral development banks and development partners has pledged over US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security. These funds were pledged on the final day of a two-day high-level dialogue – Feeding Africa: leadership […]
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Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year. The bank was announced winner of the coveted awards at a glamorous event which was well-attended by the top echelon of the financial sector including Bank CEOs, Captains […]
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A newly expanded collaboration between Thomson Reuters (www.ThomsonReuters.com), a leading provider of business information services, and Adapt IT (www.AdaptIt.com), a reputed service provider of leading specialised software and digitally-led business solutions in Sub-Saharan Africa, will enable more businesses across the region gain competitive advantages through the technology solutions both provide. With economic recovery and growth […]
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced the reinstatement of Sola Adeduntan, as the managing director and chief executive officer of First Bank of Nigeria Limited. He also ordered the immediate removal of all directors of FBN Limited and FBN Holdings Plc. Emefiele gave this directive during a media briefing […]
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United Capital Plc (“United Capital” or “The Group”),Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an Earnings Per Share of 111 kobo. […]
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Nigeria’s Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs). This prohibition directive was contained in a letter by the Nigerian Ports Authority (NPA), Lagos Port Complex, Apapa, Lagos, sent to the Terminal operators of the Lagos Port Complex (LPC), Apapa, Lagos. The letter read, […]
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