At the largest annual gathering of African entrepreneurs, held in Lagos, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum. The Forum celebrated the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony Elumelu…
***As Assets Surge to N2.05trn Diamond Bank on Friday released its Q3 2016 performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing moderate growth in key financial parameters. For the nine months under review, the group recorded a growth of 16.9 per cent in total assets, which grew from N1.753 trillion in…
Today, The Tony Elumelu Foundation (TEF) opened the 2nd TEF Entrepreneurship Forum, the largest gathering of African entrepreneurs and the highlight of the annual TEF Entrepreneurship Programme. The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants in 54 African countries, and their completion of the Programme’s innovative 12-week online training.…
The Board of Directors of Nigerian Breweries Plc has announced an interim dividend of N7.929 billion, that is N1.00 (One Naira) per ordinary share of 50 kobo in the share capital of the Company for the 9 month period ended 30th September 2016. This is despite the marginal decline in the company’s profit for the…
United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle Client Innovation Awards 2016, organised in…
Unity Bank Plc has announced a Total Assets size of N476.15 billion for the quarter ended September 30, 2016, representing an increase of 7.4 percent or N32.6 billion over N443.3 billion recorded as at December 31, 2015. According to the company’s filing with the Nigerian Stock Exchange, NSE, the Bank grew Customer’s Deposit to N263.91…
Guaranty Trust Bank plc has released its unaudited financial results for the 3rd quarter ended September 30, 2016, to the Nigerian and London Stock Exchanges. A review of the 3rd quarter performance shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 44%…
The Central Bank of Nigeria (CBN), Heritage Bank Plc, Nigeria’s most innovative banking services provider and The National Youth Service Corps (NYSC) have disbursed a whopping sum of N774 million to 310 beneficiaries under the Youth Innovative Entrepreneurship Development Programme (YIEDP). Speaking at the flag-off ceremony for the disbursement of funds to young entrepreneurs under…
MEC, Inc. announced today it has entered into agreements with pan-African financial services group, United Bank for Africa, UBA Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni represents the world’s latest fin-tech for cloud banking and social payments, and is expected to transform the payments, invoicing/billing and remittances…
Intent on promoting small businesses in Nigeria, Diamond Bank Plc, has teamed up with Microsoft, Intel, HP and MTN in a strategic partnership focused at providing SMEs in the country with essential tools required to give them the competitive edge in a dynamic business environment. The event which held recently in Ikeja, Lagos, featured an…