Mrs Zainab Ahmed, the Minister of Finance, has said government borrows to deliver on its promises, it was also mindful of rising debt burden, which eats up about 25 per cent of the country’s annual earnings. Ahmed said this in an interview with the News Agency of Nigeria (NAN) on the side-line of the IMF/World Read more
Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to Read more
A very inconvenience period in the offing for Airtel subscribers as telecommunications firm is bent on SIMs re-registration exercise after claiming it is for security purposes. The network recently called on its subscribers to go for another round of Know Your Customer (KYC) exercise, a subtle way of forcing users to re-register their Subscriber Identification Read more
Ecobank Transnational Incorporated (ETI) in Lomé, which is the parent company of the Ecobank Group, has successfully raised $450 million in its debut Eurobond which was oversubscribed. The Global Offering is a 5-year unsecured note (144A/RegS) listed on the main market of the London Stock Exchange. The bond matures in April 2024 and was issued Read more
The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development Read more
Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing OPEC-led supply cuts. Brent crude futures were at 71.43 dollars a barrel at 0700 GMT, down 19 cents or 0.3 per cent from their last close and further Read more
There is no gainsaying that Prince Dapo Abiodun, the Governor-Elect of Ogun State, would be a different kind of governor. Every matrix and action points in this direction. Perhaps one of the most prepared persons for the job of governance of a cosmopolitan Nigerian state, a boardroom guru and successful businessman, the announcement of his Read more
The United Bank for Africa (UBA) Plc recently announced that another set of 20 loyal customers will get a chance to win N1,500,000 each, in the second edition of its quarterly draw for the ongoing ‘UBA Wise Savers’ promo which will hold this month. The bank explained that the development would be an opportunity for Read more
In the first quarter ended 31 March 2019, Zenith Bank Group recorded improved numbers across key metrics, driven by a solid performance in all business segments an unedited Q1 results released by the bank revealed. This solid performance resulted in a Profit before Tax (PBT) of ₦57 billion, representing a 6% growth over the ₦54 billion achieved Read more
Justice Bello Duwale of the Sokoto State High Court has reportedly remanded a Sterling Bank Plc worker, Olanrewaju Yusuf, in prison custody for cheating to the tune of N36m and issuing of dud cheques. According to The Punch NG, anti-graft agency, the Economic and Financial Crimes Commission (EFCC) arraigned Yusuf, who is the Chief Executive Read more
