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Big Endosement ! :UBA Gets BUY Rating On Stock

Analysts have unanimously placed a BUY rating on the stock of United Bank for Africa Plc (UBA), the lender with 19 branches across Sub Saharan Africa, amid creeping inflation, forex uncertainty, rising unemployment and bleak economic prospects The recommendation is on the back of the lender’s ability to consistently growth earnings in the last four years while intensifying on its ...

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Dangote Flour restructures, Creates jobs In Kano Via Wheat Farm

As part of its restructuring process for greater market share, Dangote Flour Mills has reopened its plant in Kano with plans to grow wheat in the state. The plant was shut down by Tiger Branded Consumer Goods of South Africa following its acquisition of the flour mill. The reopening ceremony and commissioning of new machines at the plant location in ...

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GTBank redeems $500,000,000 Eurobond

Chief-Executive-Officer-GTBank-Mr.-Segun-Agbaje

Guaranty Trust Bank plc on Thursday announced the redemption of the outstanding portion of the $500,000,000.00 Eurobond Notes due May 19, 2016. In February 2016, the bank successfully issued a Cash Tender Offer to repurchase any and all the outstanding $500 million 7.5% Eurobond Notes due May 2016 as part of its effective liability management strategy. The tender was the ...

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One year in office: Gov. Ugwuanyi set to commission road projects

Governor Ifeanyi Ugwuanyi’s desire to commission some completed road projects in the state as part of the activities marking his one year in office. Speaking during an inspection tour of the ongoing road projects in the state, the Chairman of the committee, Arc. Chris Offor commended Governor Ugwuanyi for his development initiatives and commitment to his campaign promises to the ...

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UBA Next Generation Lauch In Nsukka,..A Huge Success

There are clear indications that UBA next generation,activities at, University of Nigeria Nsukka, From the 16th-20th of May,was a huge success.   All the fun is happened on campus at University of Nigeria Nsukka! It was  fun with lots of music, dance, rap contest, fun activities, and awesome give away gifts…..plus you get to open a UBA Next Gen account ..Preceeding ...

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Fidelity Bank presents duplex, cash prizes to promo winners

nnamdi okonkwo

Fidelity Bank Plc has presented a four-bedroom detached duplex in Lekki, a power generating set, refrigerator and cash gifts to lucky winners in its just concluded Save-for-Shelter promo held nationwide. Mrs. Clara Ibedu, who won the star prize of a house, was presented the house yesterday in Lagos, making her the third customer to have won a house, with two ...

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Skye MD, Says Bank Contribution To Agric Sector Hits 10%,..Advises SME

The Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Timothy Oguntayo, has disclosed that the bank’s agricultural portfolio had reached about 10 per cent from five per cent two year agonke, showing its support to the development of the nation’s economy. Oguntayo who said agriculture comprised a significant portion of our portfolio in Skye Bank, noted that  From ...

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MTN loses 6.5 million data subscribers, Glo gains

The 2016 first quarter telecoms industry report has shown that MTN Nigeria lost 6.5 million Internet subscribers between the months of January and March. From a report published on the website of the Nigerian Communications Commission, the company began the year with 39,924,737 data customers, “but ended the quarter with 33,356,595.”  It showed that another telco, Globacom, garnered 1,448,354 fresh ...

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AMCON Appoints Debt Recovery Firms As Partners

The Asset Management Corporation of Nigeria (AMCON) has appointed Asset Management Partners (AMPs) to assist in the resolution of over six thousand accounts with loan balances of N100 million and below. The AMPs are consortia with specialist skills to recover and resolve debts in banking, legal, valuation and accounting. The new partners are currently involved in an induction programme prior ...

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South African ‘Pick & Pay Set To Rival Shoprite In Nigeria

Pick n Pay, another South African retail mall in the mould of Shoprite, has announced plans to come into the Nigeria market. The company, which posted a 26-percent increase in profit for 2015, said it had examined the opportunity in Nigeria and will be investing in the country. “A key part of the Group’s strategy is to establish a second engine ...

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