The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts. Specifically, the market capitalisation shed N196 billion or 1.61 per cent to close at N12.004 trillion against N12.200 trillion on Friday, due to the postponement. Also, the All-Share Index which opened at 32,715.50 […]
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Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. The Group recorded an unparalleled improvement within the year as turnover grew by 30% to ₦104.2bn. Profit […]
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Africa’s global bank, United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country. Google Station, a platform for providing free, high-speed Wi-Fi hotspots in public places, began in […]
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KPMG, one of the Big Four auditors in the world, says Nigeria’s Federal Inland Revenue Service (FIRS) is breaching bank-client confidentiality and has gone draconian by giving fiats to banks to freeze accounts of suspected tax defaulters. In September 2018, Tunde Fowler, FIRS chairman, said the service was going after 6,772 tax defaulters, stating that they […]
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Trading on the nation’s bourse swayed southward on Wednesday to record its first depreciation in February, shedding 0.15 per cent. News men reports that this was due to losses suffered by some blue chips as investors embarked on profit taking. Specifically, the All-Share Index lost 48.39 points or 0.15 per cent to close at 32,413.92 […]
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A Federal High Court sitting in Lagos on Tuesday ordered that an Ecobank manager, Ifeanyichukwu Azike, be remanded in prison for allegedly defrauding a customer of N411 million. Mr Azike was arraigned by the Police Special Fraud Unit (SFU) on three counts of obtaining money by false pretence, false representation and fraud. The police in […]
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The pan African financial institution, United Bank for Africa (UBA) Plc on Monday commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa. The launch of UBA Mali brings to 20, the number of African countries, where the Group currently operates, with global operations in the […]
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In commemoration of the 2019 World Cancer Day and demonstration of its unwavering commitment to the fight against breast cancer in Nigeria, Polaris Bank has encouraged Nigerians to adhere to quality eating habit and healthy lifestyle to avoid contracting cancer. According to Cancer Research UK, “Eating a healthy, balanced diet can help you keep a […]
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The Naira on Monday appreciated further at the parallel market in Lagos, exchanging at N358 to the dollar, stronger than N359 it traded on Friday. The Pound Sterling and the Euro traded at N472 and N411, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar, while the […]
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With ever-increasing customer expectations of quick service and near real-time transactional support, United Bank for Africa (UBA) committed resources to Artificial Intelligence (AI) a year ago, birthing Leo, a Banking Chatbot that helps customers carry out key banking transactions anywhere, using mobile devices and personal computers. Leo can be accessed via Facebook or WhatsApp. “Our […]
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