The equity market on the Nigerian Stock Exchange, NSE, yesterday rebounded to a positive territory as Zenith Bank announced an impressive result for the year ended December 31, 2018 with profit before tax (PBT) rising to N232 billion. Also, in demonstration of its commitment to its shareholders, the bank has announced a proposed final dividend […]
Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1
The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 current alumni and will receive […]
Heritage Bank to Become Quoted on Exchange-MD
The managing director and chief executive officer of Heritage Bank Limited, Ifie Sekibo, has hinted that the bank would be listed on the floor of the Nigerian Stock Exchange but added that this may not happen in the current year. Speaking with journalists on the sidelines of the Vanguard Economic Summit recently, Sekibo said one […]
ABCON demands exemption of BDCs from VAT, CoT
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has called for the exemption of Bureau De Change operators from paying Value Added Tax, VAT, and Commission on Turnover, COT. President, ABCON, Dr. Aminu Gwadabe made this call at the launching of the association’s Automation Portal project titled “Digitising BDCs operations for efficiency, transparency […]
Transcorp Sets Record with Profit After Tax of N20.6bn
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. The Group recorded an unparalleled improvement within the year as turnover grew […]
UBA Extends Africa Footprints to Mali
The pan African financial institution, United Bank for Africa (UBA) Plc on Monday commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa. The launch of UBA Mali brings to 20, the number of African countries, where the Group currently operates, with global operations in the […]
Why We Must Vote Out General Buhari
Four days to the presidential elections, it becomes necessary to remind our selves, why it is absolutely necessary, to vote out General Buhari on Saturday 16th February. General Buhari divided Nigeria, through his parochial and nepotistic worldview.Turned regions against each other through his lopsided appointments, horrified the nation by his tolerance of the brigandage of […]
UBA, Japan Trade Office to Collaborate in MSMEs Financing in Africa
The Chairman, UBA Group, Mr. Tony Elumelu, has indicated the readiness of the bank to support the Japanese government in its drive to promote Small and Medium Scale Enterprises across Africa.He made this plain when the members of the Japan External Trade Organisation (JETRO), led by its CEO, Mr. Hiroyuki Ishige, were hosted at a […]
NPA Summit:Nigeria Will Not miss the Digital Revolution-Prof Ezeugwu
The Provost Nigerian Air force Institute of Technology,Kaduna,Professor Emmanuel Ezeugwu has said that Nigeria will not miss the fourth industrial revolution(Digital revolution). Speaking at the Nsukka Professional Association(NPA)annual summit held at Wheatbaker Hotel ,Ikoyi,Lagos recently he said development in the military and ICT circles indicate that the nation will keep in step with developments across […]
NSE hosts the Launch of Riding The Eagle – A Guide To Investing in Nigeria by Toyin F. Sanni.
In pursuit of its leadership role and its mission to catalyze the emergence of Nigeria and other African markets as leading investment destinations, the Emerging Africa Capital Group has enlisted the support of the Nigerian Stock Exchange to host the launch of an authoritative work on investing in Nigeria written by its Group Chief Executive […]