One of the leading logistics companies in Nigeria, Red Star Express Plc, has appointed its new directors and introduced them to stakeholders – Mr Peter Surulere Aletor and Chukwuemeka Emmanuel Ndu, both of who hold the title of the Non-Executive Director. The company stated that the duo was appointed after a rigorous exercise of electing…
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers’ demands. Uzoka said this during the Investors/Analysts Conference Call at the…
Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before tax which…
Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its audited financial results for the period ended June 30, 2021, to the Nigerian and London Stock Exchanges. A review of the results shows a decent performance across key financial metrics against the challenging business environment. This performance reaffirms…
As part of its commitment to promoting a savings lifestyle, Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched a savings campaign. This campaign is to reward its customers for opening and depositing funds in their accounts. The savings campaign seeks to encourage customers to…
The Board and Management of VFD Group Plc, a leading proprietary investment company, has announced the appointment of four new directors bringing the number of directors to 15. The new appointees are, Folajimi Adeleye, Executive Director, Finance; John Okonkwo, Executive Director, and Chief Operating Officer; Kelvin Orogun and Femi Akinware, both Non-Executive Directors. Speaking on…
Business conditions in Nigeria’s private sector improved modestly midway through the third quarter, but the rate of growth slowed to a six-month low. Softer upticks in output, new orders and employment contrasted with quicker expansions in held inventories as firms seek to take advantage of faster lead times, and protect against any future supply shocks.…
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled later in the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, who…
The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Oliver Andrews brings over 35 years of experience in infrastructure development, public-private partnerships and strategic advisory working with regional and international institutions, international corporations and DFIs.…
Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings PLC, and Nigeria’s largest stockbroking firm with a market share of over 10 per cent of the value of shares traded on the floor of the Nigerian Exchange Limited has removed the minimum stockbroking account-opening balance for individuals to allow zero set up amount via its…