Guaranty Trust Bank Plc has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up to recognize banks around the world who are playing a pivotal role during the Covid-19 pandemic. The foremost African financial institution, which was also named Nigeria’s Best Bank for a record 10th time, was lauded […]
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‘Access Up to N3m, Pay as Low as 10% Monthly with New UBA Credit Card’ Pan African financial institution, United Bank for Africa (UBA) Plc, has introduced the new UBA Naira Credit Card to its teeming customers in fulfilment of its promise to ease accessibility to funds and improve the overall standard of living. With […]
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Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and long-term goals. The technology-driven financial institution is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its N50 billion […]
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NIGERIA – The Minister of Aviation, Hadi Sirika, has expressed doubt at the possibility of achieving physical distancing on flights without hurting the revenue of airlines. Hadi Sirika said this during a webinar attended by stakeholders in the aviation sector. The webiner focused on the status of the industry restart. Sirika was responding to a […]
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In adjusting to the new normal, business owners and operators of Small and Medium Scale businesses have been advised to invest massively in technology and find ways to source their raw materials or supplies locally, as this is expected to boost their activities and help them stay afloat especially in the wake of the Covid-19 […]
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The Petroleum Products Pricing Regulatory Agency, PPPRA, on Wednesday announced petrol pump price for the month of July at N140.80 per litre. This was contained in a letter to petroleum products marketers signed by PPPRA’s executive secretary, Abdulkadir Saidu, on Wednesday. The letter reads: “Please recall the provision for the establishment of a monthly price […]
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Lagos, Nigeria – Shareholders of Transcorp Hotels Plc, owners of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the Board of Directors to raise N10 billion in its proposed Rights Issue to fortify its balance sheet. The approval given at the Extraordinary General Meeting of the Company, which took place on Monday, […]
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In its continuous attempt to support the growth and sustainability of small and medium scale businesses in Nigeria and Africa, United Bank for Africa (UBA) Plc will be hosting the UBA Business Series on Tuesday, June 30, 2020. The UBA Business Series, which is held quarterly, is a capacity building initiative where leading business leaders […]
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The Central Bank of Nigeria (CBN), on Thursday said it plans to fund the value chains of nine agricultural commodities to the tune of N432bn in the 2020 planting season. CBN outlined the nine commodities to include rice, cotton, oil palm, tomato, cassava, poultry, fish, maize, cocoa and livestock/diary. Senior officials of the bank disclosed […]
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The Federation Accounts Allocation Committee (FAAC), today (Wednesday) at its meeting via Virtual Conferencing, chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, shared to the three tiers of government, a total sum of N547.309 billion as federation allocation for the month of May, 2020. From this amount, inclusive […]
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