Category: Business

Transcorp Delivers across Portfolio, Significantly Increases Electricity Generating Capacity to 2000mw

Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja. The shareholders commended the company for declaring dividends, noting that despite the negative impact of the…

TradeFada Sets Up Platform to Provide Easy Steps for Bitcoin Beginners

TradeFada Nigeria Limited, one of the nation’s prominent players in the Crypto currency ECOSYSTEM has set up a platform that provides easy operational steps for cryptocurrency beginners. Chief Executive Officer of the Company, Mr. Seun Dania explained that first, beginners need to buy Bitcoin with fiat and this can be bought with naira or over…

2021 Q1: United Capital Reports 67% Growth In Profit After Tax

United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an Earnings Per Share…

Transcorp Makes New Appointments to its Board – Announces New Subsidiary Chief Executive Officers

The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate a leading investor in the Nigerian energy sector, through the ownership of Transcorp Power Ltd, Trans-Afam Power Ltd, Transcorp Energy and owners of the iconic Transcorp Hilton Abuja has announced the appointments of Mr. Victor Famuyibo and Mallam Ahmadu Hamman Sambo to…

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…