Despite the regulatory headwinds and downturn in the Nigerian economy, Sterling Bank Plc recorded growth in virtually all its performance indicators for the year ended December 31, 2015, pushing up profit before tax by 2.5 per cent to N11.0 billion. Similarly, profit after tax rose by some 14.3 per cent to N10.3 billion due to…
Africa’s first interiors design show with a twist of reality TV is debuting on REDTV to discover Africa’s next Interior Design star. The launch of the new TV Reality show, tagged “Interiors By Design, was held at Angelika’s, Lagos’ choicest luxury home wares store, on Sunday, March 20, 2016 with notable names gathered from the…
Executive Director of Heritage Bank Limited, Mary Akpobome, has described financial literacy as a strong catalyst to financial inclusion and wealth creation that will aid the nation’s economic growth. This was her submission in her opening remarks at the Financial Literacy Day Programme organised by the bank at the University of Ilorin Secondary School, Ilorin,…
The Financial Literacy Programme of the Central Bank of Nigeria, CBN, received a boost on Thursday from Heritage Bank. The reputable bank, which recently acquired Enterprise Bank and got a facelift as a national bank, presented a set of books to the University of Ilorin Secondary School in Kwara State. At the occasion organised by…
MoneyGram and GT Bank, one of the leading retail banks in Nigeria, have announced the launch of MoneyGram’s ‘receive services’ across the GT Bank network. This service will be available through MoneyGram’s cash to account service. With this, customers in Nigeria can now receive money from friends and family in 200 countries and territories directly…
Africa’s richest man, Aliko Dangote, has kicked off his tomato processing factory in Kadawa, Kano State. The new plant is aimed at making canned tomato paste easily available and affordable for Nigerians, who have to rely on the ones produced from China. The factory, brought to life through Dangote Farms Limited, is located along the…
The Nigerian Breweries Plc has continued to show that it is a company that is in business to make all stakeholders happy, unlike some who do not care about others. For those who have been following the company closely, they will affirm that NB Plc has abided by the rules of the game, which is…
Guaranty Trust Bank (GTBank), a leading financial institution in Africa has once again displayed high commitment to customer’s satisfaction by refunding customer whose money was stolen recently by a fraudster. In January 2016, a young lady by the name Adejoke lost some of her belongings and had her SIM card swapped by an Ibadan-based fraudster,…
Nigeria’s top tier lender, Zenith Bank Plc said on Tuesday its pre-tax profit for the period ended December 31, 2015 rose 4.85 percent to N125.62 billion from N119.79 billion recorded a year ago. Similarly, profit after tax (PAT) increased 6.24 percent to N105.66 percent to N99.45 billion posted the same period of 2014. Gross earnings…
United Bank for Africa Plc; the pan African financial services Group with operations in 19 African countries has delivered another strong and impressive financial performance. In its Audited Full Year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange (NSE) on Monday, the bank recorded a 10% growth in gross…