Nigeria’s revenue from the manufacturing export sector has plunged by 166 per cent to ₦778.4bn from the ₦2.trn height reached in 2019. A newly published report “Africa Pulse” by the World Bank, said the trend since 2019, had been downwards recording a significant decline to ₦960.7bn attributed to COVID-19 in 2020, while a minor recovery…
Access Bank Sierra Leone Limited has announced the appointment of Maurice Nathaniel Cole and four other non-executive directors. According to a press statement issued by Access Holdings PLC, the new executives to its Board of Directors would further strengthen its leadership team and advance the implementation of its growth and transformation strategy. It added that…
Independent financial advisory firms that are highly regarded have selected Fidelity Bank as an extremely appealing company that has the potential to yield substantial returns for investors. Numerous market analysts’ independent investment research studies, which were examined over the weekend, revealed that Fidelity Bank had been given a “buy” ticker, indicating that investors should take…
An executive director of United Bank for Africa, Ugochukwu Nwaghodoh and Group Company Secretary, Bili Odum, have acquired 27 million units of the financial group’s shares. The value of the newly acquired shares was about N701.49m, according to details of the transaction filed with the Nigerian Exchange Limited on Friday. Nwaghodoh bought 12 million shares…
shareholders of Zenith Bank Plc, at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday, 8 May 2024, approved the proposed final dividend payment of NGN3.50 per share. That brings the total dividend for the 2023 financial year to NGN4.00 per share, with a total value of NGN125.59…
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate Affairs Commission after July 7, 2024….
One of Nigeria’s oldest banks, Union Bank, has attained certifications in MSECB management system in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. MSECB is a leading international provider of audit and certification services for management systems based on a wide range of global standards. A recent statement from the bank disclosed that it received the…
The United States Agency for International Development, in collaboration with the Coca-Cola Foundation, has announced the launch of the Nigeria Plastic Solutions Activity. According to a statement, the initiative, funded equally by Coca-Cola and USAID with a combined investment of $4m, would address the critical challenge of plastic waste management in Nigeria through innovative recycling…
The United Bank for Africa Plc has upgraded its mobile banking application, with a transaction dispute feature and other solutions to ease banking for customers. A statement from the bank on Thursday disclosed that the transaction dispute menu feature on the mobile app would help their customers report any failed transactions from the mobile app’s…
