Africa’s global bank, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from N155.4 billion in 2021 to…
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the…
Shareholders of Nigeria’s leading listed diversified conglomerate, Transnational Corporation Plc (“Transcorp”), met on Thursday, 21st April for the Group’s 16th Annual General Meeting, held at the Group’s hospitality flagship, Transcorp Hilton Abuja. The Group saw significant growth across all metrics. Group Gross Earnings increased to N111.2 billon in 2021, from N75.3 billion in 2020. Profit…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has urged small and medium size enterprises (SMEs) in Nigeria to digitise their products and services to drive business efficiency. The call was made during the 2022 Enterprise Banking webinar organised by Stanbic IBTC, Themed ‘Your Business, Our Business: Accelerating Business Growth’, the webinar featured…
Leading financial institution, Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. The Middle East & Africa Banking Innovation Awards, organised by The Digital Banker, is a prestigious award program designed to recognise the world’s…
In the wake of her 30th Anniversary, Abbey Mortgage Bank Plc announces the appointment of her MD/CEO Mr. Madu Hamman by President Muhammed Buhari, as the new MD of Federal Mortgage Bank, the apex Mortgage Bank in Nigeria. Mr. Madu Hamman has over 34 years of banking experience in Mortgage and Credit Analysis, Banking Operations,…
Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, charted a new course for real estate investment in Nigeria. The financial institution was appointed to manage a real estate investment trust scheme, UPDC REIT, as confirmed by the Security and Exchange Commission (SEC) in May 2021. The UPDC Real Estate Investment Trust (UPDC…
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its life insurance campaign. Themed ‘The Good Life’, the campaign is geared towards creating awareness about the benefits of having insurance cover. To kick off the campaign, a launch event was held where executives of Stanbic IBTC as well as several veterans within the…
Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose designed co-working hub for innovators, creators and techpreneurs. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT was set up…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory even as its efforts at business diversification across Africa and beyond continues to yield increasing returns. The Group Chairman, Tony Elumelu, who made this declaration at UBA’s 60th Annual General Meeting,…