The shareholders of GTBank Plc have approved the holding company structure for the bank, as they expressed excitement over the benefits they would derive from the new structure. At the Court ordered meeting held on Friday, the investors gave their approval to the company for the transfer of the 29,431,179,224 ordinary shares of 50 kobo…
In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of London. For the second…
Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat other strong contenders – Zenith Bank, Guaranty…
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the…
Financial and investment bouquet services company VFD Group Plc, has been nominated in two categories in the forthcoming BusinessDay Banks’ And Other Financial Institutions (BAFI) Award. Incorporated eleven years ago, VFD Group holds businesses in financial advisory, real estate, asset management, currency exchange, debt services, international settlement and remittances, among others, and is nominated in…
Transcorp Hilton Abuja has been honoured with four awards including Africa’s Leading Business Hotel for the sixth consecutive year at the 27th annual World Travel Awards. The hotel, which is owned by Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc, also won the awards for Nigeria’s Leading Hotel, Nigeria’s Leading Business…
United Bank for Africa (UBA) Plc, the Pan African financial institution, has announced commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growth in Gross Earnings, which rose to N454.4 billion, up from N428.7billion recorded in September 2019. According to the report filed with the Nigerian Stock Exchange (NSE) on Friday (20…
Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020 compared with N1.9 billion for the corresponding period of 2019, representing an increase of 264.7 percent. The bank made the remarkable financial performance despite the prevailing uncertainties that characterised the…
Hicolumn, the biggest ground-breaking e-commerce Tech that gives merchants (big or small), especially small and medium enterprises (SMEs) the opportunity of leveraging the internet to serve or sell to their existing and prospective customers anywhere and anytime, without the customers physically visiting the shops opens in grand style on November 26, 2020. It promises enabling…
TAJBank, Nigeria’s most innovative Non-Interest Bank, has announced a $5m credit facility from the African Export–Import Bank (AFREXIM) The memorandum of understanding (MoU) with the African Export–Import Bank (Afreximbank) was signed earlier in the month with the senior executives of TAJBank and the African Export–Import Bank in attendance. The credit facility will facilitate the partnership…