Shareholders lauds Sterling Holdco performance, leadership Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings, and the diversification of the group’s business lines since completing the transition to a holding company structure. A release[Read More…]
Ecobank Group Champions Intra-African Trade Growth at IATF 2023 Ecobank Group, the leading pan-African banking Group, has said it is positioned as the ‘go to’ bank for payments and trade in Africa. Eric Odhiambo, Group Executive, Corporate and Investment Banking, Ecobank Group who was speaking on the ongoing[Read More…]
Standard Chartered Bank invests over $1m towards Women in Tech Incubator Programme, Says Aderugbo The Woman in Tech, (WiT), Incubator Programme of Standard Chartered is a programme designed to help female Tech-preneurs identify, grow and bring to the market unique business ideas. Dayo Aderugbo, Head, Corporate Affairs, Brand and[Read More…]
Union Bank completes shareholding takeover, Delists from stock exchange In May, 2023, Union Bank received an offer from its core shareholder, Titan Trust Bank Limited, to acquire the shares of all minority shareholders in Union Bank after the completion of core investors’ sale of a majority shareholding to Titan Trust[Read More…]
MWUN begins Nationwide Strike over assault on NLC president, non payment of salaries The Maritime Workers Union of Nigeria (MWUN) will today, Tuesday 14, 2023, begin a nationwide strike over assault on NLC president, non payment of salaries, and non-compliance to national minimum wage. A statement sign by Head[Read More…]
Dangote refinery secures licence to refine 300,000bpd crude Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign goods, we[Read More…]
Google brings generative AI to Search in Africa Google has rolled out its Search Generative Experience (SGE) in Nigeria and other Sub-Saharan African countries as an opt-in experiment in Search Labs. In a recent statement, while announcing the features, google said, AI -powered experience is available in English. The company[Read More…]
UBA, Saudi EXIM Bank partner on business relations, export growth Photo Caption: Chief Executive Officer, United Bank for Africa (UBA) United Arab Emirate, Vikrant Bhansali (left); Group Treasurer, UBA, Adeleke Adeyemi; Group Managing Director/ Chief Executive Officer, UBA, Oliver Alawuba and Chief Executive Officer, Saudi Export-Import Bank (SAUDI EXIM),[Read More…]
Naira Depreciates by 22.1% as equities market records N45.3b turnover The naira depreciated by 22.1 per cent to N996.75/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM), with total turnover falling by 7.4 per cent week-to-date (w/w) to $545.89 million. Trades were consummated within the N700 and N1,100/$ band. In[Read More…]
INEC declares Uzodimma winner of Imo governorship election The Independent National Electoral Commission has announced the Imo State Governor, Hope Uzodimma, as the winner of the state governorship election held on Saturday. The state Returning Officer for the election, Prof. Abayomi Fasina, who is also the Vice-Chancellor, Federal University,[Read More…]
