Year: 2017

Stanbic IBTC In Trouble Over Breach Of Contract, Gets N2b Lawsuit

Stanbic IBTC Bank Plc has been dragged to a Lagos High Court by a limited liability firm for an alleged breach of contract. The company, Infinity Snacks and Beverages Limited, accused the bank of making it suffer economic misfortune as a result of the development. In a statement of claim filed before Justice A. M.…

UBA: Outperforming

By Taofik Salako United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth in all key fundamental indicators to make the bank the best performing banking stock in recent period. Capital Market Editor Taofik Salako, in this report,…

Minority Leadership Exclusion In Lagos Assembly Undemocratic—Saheed Mosadoluwa

The exclusion of the minority leadership in the Lagos state House of Assembly has been described as tyranny and undemocratic by founder of Ibile Peaceful Assembly, Saheed Mosadoluwa otherwise known as Mr-Ibile. In a statement issued by the Lagos socialite, he said “I consider the assertion of Chairman, Lagos House Committee on Information, Strategy, Publicity…

Ecobank Group Sustains Resilience In 2016

**Assures Shareholders of Robust Future Earnings Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio and has made a provision of N221.7 billion in its 2016 audited accounts. The impairment charges showed a jump of 110.7 percent compared with N105.2 billion recorded…