In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# enables customers to…
In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients to track stock movements, maintain dynamic stock levels and address fundamental accounting/book keeping management requirements of the business. Heritage Bank becomes the lead bank to…
Ecobank Nigeria limited has entered an advanced stage of its digital transformation agenda which is aimed at enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development, the bank will deliver enhanced services leveraging more on its digital channels.…
Diamond Bank has released its Q1 2017 financial accounts to the Nigerian Stock Exchange, NSE, showcasing focused and strong determination to continue to strengthen growth in key financial parameters. The Bank’s performance scorecard for the first three months of the business year as made available to journalists on the floor of the Exchange, reflects strong…
Guaranty Trust Bank Plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings…
The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11.44 billion for the first quarter of 2017. The unaudited and provisional results sent to the Nigerian Stock Exchange shows that the amount represents a 9 percent increase over the N10.45 billion recorded in the same period in 2016. According…
By Taofik Salako United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth in all key fundamental indicators to make the bank the best performing banking stock in recent period. Capital Market Editor Taofik Salako, in this report,…
**Assures Shareholders of Robust Future Earnings Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio and has made a provision of N221.7 billion in its 2016 audited accounts. The impairment charges showed a jump of 110.7 percent compared with N105.2 billion recorded…
Skye Bank has distanced itself from a media statement that purportedly emanated from it on Tuesday, April 11, 2017 drawing a battle line between it and its long time marketing communication ally, Centrespread, over a loan transaction. Investigations by gobignewsblogspot.com revealed that the press statement, sent to many media houses, did not come from the…
Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique. The list is compiled annually with each company listed assessed based on total turnover as well as net profits. Despite…