Category: Business

Emirates Offers First Ever $500,000 Multi-Risk Travel Insurance Coverage

Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the…

VFD Group Nominated For Two Awards At The 2020 BAFI

Financial and investment bouquet services company VFD Group Plc, has been nominated in two categories in the forthcoming BusinessDay Banks’ And Other Financial Institutions (BAFI) Award. Incorporated eleven years ago, VFD Group holds businesses in financial advisory, real estate, asset management, currency exchange, debt services, international settlement and remittances, among others, and is nominated in…

Transcorp Hilton Abuja Wins Four Awards At 2020 World Travel Awards

Transcorp Hilton Abuja has been honoured with four awards including Africa’s Leading Business Hotel for the sixth consecutive year at the 27th annual World Travel Awards. The hotel, which is owned by Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc, also won the awards for Nigeria’s Leading Hotel, Nigeria’s Leading Business…

Q3 2020: UBA Grows Gross Earnings to N454.4 Billion, Delivers N90.4 billion PBT

United Bank for Africa (UBA) Plc, the Pan African financial institution, has announced commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growth in Gross Earnings, which rose to N454.4 billion, up from N428.7billion recorded in September 2019. According to the report filed with the Nigerian Stock Exchange (NSE) on Friday (20…

Sterling Bank Grows Trading Income By 265% In Q3 2020

Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020 compared with N1.9 billion for the corresponding period of 2019, representing an increase of 264.7 percent. The bank made the remarkable financial performance despite the prevailing uncertainties that characterised the…

Biggest Nigeria’s E-commerce Tech Comes to Your Neighbourhood November 26

Hicolumn, the biggest ground-breaking e-commerce Tech that gives merchants (big or small), especially small and medium enterprises (SMEs) the opportunity of leveraging the internet to serve or sell to their existing and prospective customers anywhere and anytime, without the customers physically visiting the shops opens in grand style on November 26, 2020. It promises enabling…

TAJBank Announces Multimillion Dollar Credit Facility from AFREXIM

TAJBank, Nigeria’s most innovative Non-Interest Bank, has announced a $5m credit facility from the African Export–Import Bank (AFREXIM) The memorandum of understanding (MoU) with the African Export–Import Bank (Afreximbank) was signed earlier in the month with the senior executives of TAJBank and the African Export–Import Bank in attendance. The credit facility will facilitate the partnership…

GTBank Releases Q3 2020 Unaudited Results, Reports Profit before Tax of ₦167.4 Billion

Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020, to the Nigerian and London Stock Exchanges. The 3rd Quarter result shows improved performance across key financial metrics, reaffirming the Bank’s capability to navigate the current economic challenges occasioned by the impact of COVID 19 on World economies.…

Emirates Rated World’s Safest Airline On The Planet

Emirates which just resumed its daily flights to Lagos, has been rated the safest airline in the world in its response to the COVID-19 Pandemic according to the Safe Travel Barometer. The airline, which has set industry-leading safety standards since the resumption of its operations back in May, has topped the ranks with a ‘Safe…

Dangote Emerges Most Valuable Brand For 2020

For the third consecutive year, the pan-African and fully integrated Conglomerate, Dangote Group has again emerged as the Most Valuable Brand in Nigeria for the year 2020, the outcome of the 2020 edition of the Annual Brand Evaluation, “TOP 50 BRANDS NIGERIA” has revealed. Though, still themed Top 50 Brands; however 60 brands were evaluated…