Category: Business

UBA’s Diversified Business Model, Enhanced Digital Platforms Key to Financial Gains – Uzoka

Africa’s global bank, United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of its investments in strong and innovative digital product offerings and expanded scope over the past few years. The Group…

Zenith Bank: Justice Abike-Fadipe Vows to Deal With Peddlers of Fake Story Credited To Her

Justice Olubunmi Abike-Fadipe of the Ikeja Special Offences Court has expressed shock, anger and annoyance over a blatant false narratives against Zenith Bank credited to her by some fake, over-ambitious and junk online news platforms over the judgment she delivered recently. Miffed by the widespread falsehood, the respectable Justice who delivered a case that involved…

IWD: Unity Bank, AltSchool Africa Partner to Empower Female Software Engineers

In commemoration of International Women’s Day, IWD 2022, Nigeria’s retail lender, Unity Bank Plc is partnering AltSchool Africa to sponsor female students towards the acquisition of specialist software skills – an empowerment initiative to boost the capacity of the female gender. AltSchool Africa is a school for individuals looking to gain technical skills and kick…

GTCO Plc Releases 2021 Full Year Audited Results, Reports Profit Before Tax of ₦221.5billion

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing FY 2021…

Dangote Increases Sugar Production By 9.2% to 811,962 Tonnes

For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on the strength of improved operational efficiency despite the adverse…

UBA Delivers N153 Billion Profit, Records 11% Balance Sheet Growth

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that gross earnings rose significantly to N660.2…

Fidelity Bank to celebrate International Women’s Day with Community-Driven Proposition

In commemoration of the International Women’s Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women and female achievers at a networking event in partnership with media entrepreneur – Linda Ikeji – on Tuesday, 8 March 2022. Themed ‘Breaking the Bias’, this year’s International Women’s Day celebration is aimed at…

Transcorp Shareholders to Receive N717m Dividend

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020,  while Gross Profit rose by 143 % to N16.23bn from N6.67bn. The Company’s results show an impressive growth in its…

Stanbic IBTC Stockbroking Zero Account Opening Campaign Drives Market Participation

Stanbic IBTC Stockbrokers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has introduced the Stanbic IBTC Stockbroking Zero Account Opening campaign to help drive local participation in the capital market. The campaign, the company said, is targeted at removing the limitations to equity investment and providing investment opportunities that would attract the influx of new…