Category: Business

Stanbic IBTC Records Improvement in Key Metrics in the First Quarter amid Yield Pressure

Stanbic IBTC, a member of Standard Bank Group, has announced its three months unaudited results for the period ended 31 March 2021. Commenting on the results, Dr. Demola Sogunle, Chief Executive Stanbic IBTC, said: “The domestic economy remains quite fragile. Negative real returns prevailed in the first quarter as headline inflation continued on the rise,…

Business Leaders Guide Youth on Turning Passion into Profit at Stanbic IBTC’s YLS

Stanbic IBTC Holdings PLC, Nigeria’s leading end-to-end financial services organisation, held the 2021 edition of its Youth Leadership Series (YLS) on Thursday, 08 April 2021. The event held virtually this year due to the pandemic. Youths from across Nigeria and various parts of the world including the UK, USA and UAE were in attendance. Dr…

GTBank Releases Q1 2021 Unaudited Results, Reports Profit Before Tax Of N53.7bn

Guaranty Trust Bank plc has released its unaudited Financial Results for the period ended March 31, 2021, to the Nigerian and London Stock Exchanges. A review of the result shows a resilient performance across all key financial metrics in the face of the unprecedented macroeconomic challenges, reflecting the quality of past decisions and reaffirming its…

Starting 2021 Strong, UBA Records 27% PAT Growth, 20.5% ROAE

Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive…

UBA Business Series to Equip SMEs with Performance Management Strategies for Organisational Growth

As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next edition of its UBA Business Series. The UBA Business Series which is a monthly event, is an MSME…

GTBank Shareholders Endorse N3.00 Total Dividend for 2020, Applaud Agbaje’s Leadership

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec. 31, 2020. This endorsement was made on Friday, April 9th 2021, at the Bank’s 31st Annual General Meeting (AGM) held in Lagos. The bank had…

P+ Measurement Services Rolls Out Media Intelligence Solution for PR Industry

P+ Measurement Services, Nigeria’s leading Independent Public Relations (PR) measurement and evaluation agency, has introduced “Get-Reports” a product that allows the purchase of PR performance audit reports. It is the first of its kind in the Nigerian Public Relations industry. The product spans across areas which includes 22 Commercial Nigerian Banks PR Performance Audit Report;…

UBA is Well-Positioned to Benefit from Recovery Trends in 2021 says Elumelu

Pan African financial institution, United Bank for Africa (UBA) Plc has assured its teeming shareholders and investors of even greater returns in the coming months, with the bank having established a diversified business model that ensures impressive performance even in periods of uncertainty, across its geographical network. UBA Group Chairman, Tony O. Elumelu, who gave…

Stanbic IBTC Bank launches its SMS Banking Solution with Funds Transfer, Bill Payment Functionalities

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched its 3S (SMS/Self Service) Banking Solution with funds transfer and bill payment capabilities. This is unique a SMS banking solution with a bundle of functionalities. This service will enable customers initiate transactional and non-transactional banking activities by sending a short message from…

UBA America to Facilitate Investment, Development Capital, Trade Between North America and Africa, says CEO

UBA America, the United States’ subsidiary of Pan African financial institution, United Bank for Africa (UBA) Plc, has pledged its continuous commitment to facilitate trade and investment between North America and the African continent. Speaking on Thursday from the Bank’s office in New York, the Chief Executive Officer, UBA America, Ms. Sola Yomi-Ajayi, disclosed that…