Pan-African financial institution, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines. The 2020 audited financials filed at the Nigerian Stock Exchange (NSE) on Monday, showed that bank’s gross earnings grew by 10.8 percent to N620.4 billion, […]
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Delights shareholders with a proposed dividend of N0.70k per share Foremost Pan-African financial and investment services group, United Capital Plc has announced its audited results for the full year ended December 31, 2020, recording double-digit growth across all its major income lines. Despite the Covid-19 pandemic and the resultant challenging operating environment, the investment institution […]
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank’s directive to financial institutions on cryptocurrency transactions, is in the best interest of Nigerians. Emefiele said this on Tuesday, while briefing a joint senate committee on banking, insurance and other financial institutions; ICT and cybercrime; and capital market. Recall that […]
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The Central Bank of Nigeria, CBN has placed a ban on cryptocurrency and ordered banks to block accounts of Nigerians trading Bitcoin with immediate effect This is causing enormous reactions as many insist it is the least of the factors affecting the economy of the nation. Reactions below
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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 […]
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Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped to improve lifestyle […]
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The World Bank has predicted that global economy will grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. The economic forecast was revealed in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the […]
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On January 1, 2021, Nneka Onyeali-Ikpe, took over as the first female Managing Director of Fidelity Bank. The tenure of her predecessor, Nnamdi Okonkwo, expired yesterday, 31 December, 2020. Below is Onyeali-Ikpe’s profile as recently published on this platform: By Taiwo Lukman Not many can beat her professional pedigree. Mrs Nneka Onyeali-Ikpe has served as an Executive […]
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges […]
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Foreign investors withdrew a total of N433.15bn from the nation’s stock market from January to November this year, compared to N481.96bn in the same period of 2019, a new report by the Nigerian Stock Exchange on Wednesday has shown. The NSE, in its domestic and foreign portfolio report, said foreign inflows into the market fell […]
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