Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. Following the receipt of the approval of the Board of Directors of Heritage Bank and the Central Bank of Nigeria, the Bank is poised for its next phase of transformation. The new Ag. Managing Director will be overseeing all Heritage’s…
Category: Business
2022 HY Audited Results: GTCO Plc Reports Profit Before Tax of ₦103.2billion
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦103.2billion, representing an increase of 11.0% over ₦93.1billion recorded in the corresponding…
Guaranty Trust HoldCo is the Best Dividend Stock to Buy
Guaranty Trust Holding Company (GTCO) Plc is the best dividend paying company in Nigeria, as investors are getting back more for each Naira they invest in the equity position. The lender’s stock has a dividend yield of 17.18 percent, which is higher than United Bank for Africa’s, (14.18%); Zenith Bank, (14%); AXA Mansard, (13.89%); United Capital, (12.61%);…
Seven Months of Rewarding Customers in the Stanbic IBTC Reward4Saving Promo Draws
In a bid to keep inspiring Nigerians to develop a healthy savings culture, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, held its seventh Reward4Saving promo draw at its head office on Monday, 08 July 2022. The July draw is the fourth of the second season of the promo and the seventh since inception.…
Old English Supermarket Opens New Outlet in Surulere
With four branches already booming and servicing its teeming customers, novel Superstore, Old English Supermarket has opened another outlet. This is to further realise its aim of becoming the superstore of choice of millions of upwardly mobile Nigerians. Old English Supermarket founded a couple of years ago, is a rare combination of visionary enterprise, diligent…
How to Sell With SquadPOS
As the world moves toward more mobile POS and contactless payment options, we saw the need to create an affordable and reliable payment solution that all kinds of businesses can take advantage of — whether micro, small or large. Therefore, SquadPOS was created — to make receiving payments quicker, easier, and more reliable, so that…
Sell Faster and Easier with Squad!
Welcome to a new world of business banking! A world where you can start receiving payments even if you are not a registered business. A world where you can have more than one business account controlled from one place. We are pleased to introduce to you Squad, a payment solution powered by GTCO that enables…
Stanbic IBTC Enlightens Customers on Online Security
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, held its Cyber security webinar recently themed “How Secure Are You Online?” The virtual session tackled prevailing issues around cyber security as well as answered pertinent questions on the safety of financial transactions online. It also emphasised the importance of cyber security while carrying out…
Stanbic IBTC Bank Nigeria PMI dips to 17-month low in June
The Nigerian private sector remained in growth territory at the end of the second quarter, although recent challenges around cash shortages led to weaker new order growth and a renewed decline in output. As a result, business conditions improved at the weakest rate for almost a-year-and-a-half. Companies responded by raising their staffing levels, purchases and…
Emirates Elevates Small and Medium-Sized Enterprises as the Engines of Growth
To mark the United Nation’s Micro, Small and Medium-sized Enterprises (MSME) Day, and the vital role these enterprises play in post-pandemic recovery, Emirates is empowering MSMEs to seek growth opportunities with an attractive incentive for new members who enrol into the Emirates Business Rewards programme. With SMEs accounting for over 70% of total employment, Emirates…