Category: Business

GTBank Releases 2020 Half Year Result, declares Profit before Tax of ₦109.7Billion

Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges. The half year result reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank’s loan book grew by 8.1% from ₦1.502trillion recorded as at…

UBA Delivers N300.6 Billion Gross Earnings, Declares 17k Interim Dividend

Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2020, showing commendable growth across key performance indices as well as increased contribution from its African subsidiaries. Notwithstanding the challenging business and economic environment occasioned by the Covid-19 pandemic, the pan African…

Heritage Bank to Stimulate Economic Growth with Youth Empowerment Schemes

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This is in line with its culture as timeless wealth partners, which would…

SBI Media to Launch 9PSB into Nigeria’s $8 Billion Payment Service Banking Industry

Nigeria’s next-generation marketing communications group, SBI Media Limited is now poised to launch 9PSB, a pioneer player of payment service banking. The imminent launch of 9PSB was given the green-light after the Central Bank of Nigeria announced the approval of an operational license to provide immersive financial services to Africa’s most populous market and more…

TAJBank, Nigeria’s most innovative Non-Interest bank has announced the launch of its 4th branch in Sokoto State recently. The launch which held at the TAJBank office in Sokoto State had several dignitaries present from across the country including the special guest of honour, Governor of Sokoto, Aminu Waziri Tambuwal who commissioned the new branch. In…

Zenith Bank GMD Seeks Expansion of Non-Oil Exports Post Covid-19

The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. He made the call during a Webinar themed “Prospects of Non-Oil Export During and Post COVID-19” organized by the bank on Wednesday, August 26, 2020. According…

Nigerian importers kick against surcharge on Cargoes by International Shipping Firms

Surcharge is economic sabotage, insensitive, says Shippers’ Council Tension is mounting at the nation’s sea ports where importers who are groaning under huge surcharge imposed on them by the international shipping firms on cargoes imported from across the world are threatening fire and brimstone. The surcharge, according to them is adding to the high cost…