Category: Business

UBA Grows Profit Before Tax By 32%, Declares Final Dividend per Share of 55kobo

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an…

Tony Elumelu Foundation 2017 Entrepreneurship Programme Selection Announced

*93,000 Applicants – 55 Countries and Territories *1,000 Entrepreneurs Selected For Africa’s Largest Entrepreneuship Programme The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. Over 93,000 entrepreneurs, from 55 countries and territories in Africa, applied – more…

Transcorp Hotels Plc Posts N4.5b Profits, Announces dividend of 40k per Share

Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc   commended the management and staff of the Company for recording a strong financial and operational performance in the financial year ended 31st…

Heritage Bank Empowers 600 Women in Nigeria On IWD

Heritage Bank Limited, Nigeria’s most innovative banking services provider, has empowered over 600 women across the country as part of activities to mark the International Women’s Day tagged: “Be Bold for Change.” The bank organised a training programme with theme: Emerging Female Entrepreneurs Forum for women in Benin, the Edo state capital, Ibadan, the Oyo…

GTBank Grows Stronger, Declares ₦165.14b Profit in 2016

Guaranty Trust Bank Plc has released its audited financial results for the year ended December 31, 2016 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings…

Heritage Bank Presents 40” LED TV To Winners Of Happy Days Promo

Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, has presented 40-inch LED flat screen TV respectively to two of its loyal customers who emerged winners in the December/January 2016 draw of its on-going Happy Days Promo. The presentation was done in Lagos yesterday by senior officials of the bank in collaboration with an executive…

EFCC, Court Order Heritage Bank To Freeze Geonel Integrated Services’ Accounts

Heritage Bank has reacted to a report it described as “malicious and untrue”, which is presently trending on the internet. It was alleged in the report titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” that the bank has financial and liquidity issues, claiming this is why it has not been able to…

Ecobank Vital To Our African Growth Strategy—Nedbank

South Africa’s Nedbank on Tuesday said Ecobank Transnational Incorporation (ETI) remains vital to its expansion elsewhere on the African continent despite booking a $293 million write-down on the value of its stake in the sub-Saharan lender. Ecobank has operations in nearly 40 countries outside its home market. Nedbank Chief Executive, Mike Brown, told reporters ““It’s…