Banks, financial institutions pay N5.42bn VAT in 3 months
Banks and other financial institutions paid Value Added Tax (VAT) worth N5.42 billion in the first quarter of 2020, National Bureau of Statistics (NBS) has said. In the report posted on its website,...
View ArticleUBA upgrades mobile App, introduces new features for customers
COMFORT EKELEME United Bank for Africa (UBA) Plc has upgraded its mobile banking application, introducing lots of exciting and interactive features to aid banking, whilst allowing customers to perform...
View ArticleAccess Bank’s DiamondXtra promo produces 10 millionaires
Ten millionaires have emerged in the Access Bank DiamondXtra monthly draw after receiving one million naira each. Also 28 female customers received N100,000 each in the monthly draw. The bank’s...
View ArticleSurvey reveals lock down severely affected businesses
The Lagos Chamber of Commerce & Industry (LCCI) has said that a significant fraction of businesses, precisely 81%, have been ‘severely’ affected by the COVID-19 lockdown in Lagos with 17 per cent...
View ArticleCOVID 19 rebound: Ecobank building entrepreneurs, supporting financial...
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population...
View ArticleAirtel Bank set to commence operations
Airtel Bank Nigeria, a payments service bank launched by telecoms giant Airtel, is set to roll out full operations. The e-payment service recently deployed Flexcube Universal Banking, a cutting-edge...
View ArticleCovid-19 presents opportunity to reset Africa, says Elumelu
The Chairman of the United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, has stated that the current Corona virus pandemic ravaging the world presents an opportunity to reset the African continent so...
View ArticlePolaris Bank has been transformed for growth — Abiru
Polaris Bank Managing Director and Chief Executive Officer Mr. Tokunbo Abiru has said the Bank would leverage its investment in cutting-edge information technology to harness emerging opportunities and...
View ArticleSterling Bank grows shareholders’ fund by 22%, gets commendation
COMFORT EKELEME Shareholders of Sterling Bank Plc have commended its financial performance and dividend payout for the financial year ended December 31, 2019. They gave the commendation at the 58th...
View ArticleABCON: Forex speculators face heavy losses as BDCs set to resume full operations
COMFORT EKELEME The Association of Bureaux De Change Operators of Nigeria (ABCON) has warned its members and forex speculators putting pressure on the naira exchange rate to stop such activities or...
View ArticleOkezie Commends appointment of SEC DG, stresses need to bring back retail...
COMFORT EKELEME, Asst Business Editor National Chairman, Progressive Shareholders Association of Nigeria (PSAN), Mr. Boniface Okezie has lauded the nomination of Mr. Lamido Yuguda the substantive...
View ArticleFG suspends loan deductions for states, sets up committee on reopening of...
As a fallout from the first virtual National Economic Council (NEC) meeting which was held on Thursday May 21, 2020, the Vice President, Prof. Yemi Osinbajo, who is also the Chairman of the committee,...
View ArticleAfrica’s Post-Covid Economic Recovery: Elumelu Moderates as Presidents of...
The President of Senegal, H.E. Macky Sall, President of Liberia, H.E George Weah and United States Senator Chris Coons will form part of a High-Level Leadership Panel to be moderated by the Chairman,...
View ArticleDangote Cement’s pre-tax profit peaks at N88.06bn in 3 months
Dangote Cement Plc said its Profit Before Tax for the first quarter ended March 31 2020 rose from N78.96 billion to N88.06 billion an 11per cent increase. According to the cement company’s unaudited...
View ArticlePolaris Bank mobilizes healthcare businesses on funding and Collaboration
Polaris Bank is positioned to lead and drive the conversation on the need to revolutionize Nigeria’s health system and is organising a maiden Webinar with a rich faculty comprising subject matter...
View ArticleCurrency speculators risks over N10b losses as CBN, ABCON finalize BDCs...
COMFORT EKELEME, Asst. Business Editor As the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) finalize plans to resume dollar sales to Bureaux De Change...
View ArticleEcobank emerges Global Finance’s most innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honouring entities that regularly...
View ArticleQ1 2020 Gross Domestic Product growth slowest in six quarters at 1.87%
The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 per cent year-on-year in real terms in the first quarter (Q1) of 2020. The NBS said this in its GDP...
View ArticleAfrica Beyond Covid-19: President Weah, US Senator Coons, Elumelu, Urge...
United Bank for Africa (UBA) celebrated Africa Day 2020 on Monday, by bringing together global leaders at the 2nd UBA Africa Day Conversations, screened live across the continent. The Bank helps set...
View ArticleDangote, MTN emerge most admired African brands
For the third time in a row, Dangote Group has emerged as the most admired African brand, of African continent origin, by consumers, paired with t he telecommunication giant, MTN in a survey of 100...
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