Blog List Layout

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 per cent compared with N105.2 billion recorded in 2015. According to the results released on the floor …

Read More »

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 the recent economic challenges in the country, …

Read More »

Despite crude oil prices selling below $50 per barrel most of the year, Federal Inland Revenue Service (FIRS) was able to generate N3.303 trillion by the end of 2016. Executive Chairman of FIRS, Mr Tunde Fowler who disclosed this at the opening of a five-day journalism training on taxation in Abuja on Monday said it happened because of certain innovations …

Read More »

Nigeria’s fully integrated telecommunications company, Globacom wants small businesses to adopt integrated and flexible communications plan in order to improve their efficiency, cut cost and expand their bottom lines. Globacom’s Head of SME Business, Mr. Mike Ehumadu gave this advice at a Micro, Small and Medium Enterprise (MSME) Trade Fair organised by the Nigerian Association of Small Scale Industrialists (NASSI), …

Read More »

The past President of the Nigerian Stock Exchange, Alhaji Aliko Dangote, on Monday, promised the listing of companies under the Dangote Group of companies on the nation’s bourse. The companies include Refinery and Petrochemical. Dangote stated this at the bell ringing ceremony on the NSE in Lagos as part of activities to mark his 60th birthday. He said that he …

Read More »

Shareholders of Fidelity Bank Plc are to get a dividend of 14 kobo for the full year ended December 31, 2016 for every ordinary share of 50 kobo, which amount to N4.05 billion. If the dividend is approved at the bank’s Annual General Meeting (AGM), which is slated for May 4, 2017 at the Shell Hall Muson Centre Lagos it …

Read More »

The President, Dangote Group, Aliko Dangote, has said his belief in Nigeria economic potential remains unshaken just as President Muhammadu Buhari has felicitated with Africa’s richest man and philanthropist on his 60th birthday today (Monday). The business mogul told a group of businessmen in his office in Lagos that his passion for the workability of Nigeria’s economy had been the …

Read More »

Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Workforce group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos, yesterday, Mrs. Tochi Onuoha, Head, Learning and Development with Heritage Bank posited that it is imperative …

Read More »

The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December 2016, in addition to N7.3 billion interim …

Read More »

The Managing Director, Ecobank Nigeria, Charles Kie, has lauded the Financial Literacy Day initiative saying it would go a long way to sensitizing and educating pupils and youths across the country early in life on financial matters. The Financial Literacy Day is being jointly organized by the Central Bank of Nigeria (CBN) and Junior Achievement Nigeria (JAN), in partnership with …

Read More »