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Thursday , 13 December 2018

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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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Zenith Bank Emerges Toast Of Investors At Stock Exchange

New-Zenith-Boss, Peter Olisamedua Amangbo

The Nigerian Stock Exchange on Thursday sustained positive growth with the market capitalisation appreciating further by N43 billion. Zenith Bank was the toast of investors, trading 21.56 million shares worth N259.39 million. It was followed by Guaranty Trust Bank with a total of 21.52 million shares valued at N345.55 million, while FBN Holdings traded 17.07 million shares worth N57.46 million. ...

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The Rise And Rise Of Dangote In Africa Cement Production

dangote cement

Dangote Cement Plc invested over $5bn to build 44 million tonnes per annum cement factories in eight African countries in 2015, the firm said in its 2015 annual report. These countries are: Nigeria, Cameroon, Ethiopia, Senegal, South Africa, Tanzania, Zambia and Ghana. The Chairman, Dangote Cement, Aliko Dangote, was quoted in the report as saying that the business model of ...

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Sterling Bank Emerges Top at Risk Management Award *Holds 54th AGM

In recognition of its excellent risk management practices, Sterling Bank was conferred with the award for the Best Bank in Nigeria in the Banking and Investment Services category of the Nigeria Risk Award (NRA) for 2015. The Award was presented to the Bank last weekend at Nigerian Economic & Social Risks Summit which held in Lagos.  This Award is coming ...

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UBA Rewards Staff At Annual CEO awards

It was an exciting evening on Saturday, April 9, 2016 as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year.  It is a tradition that the bank has maintained since 2008 and ...

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Which tap is supplying the water?

This picture has gone viral and has been shared thousands of times. Can you tell which tap is supplying the water?

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AFRACA praises Union Bank’s agric financing role

union bank - emeka emuwa

Stakeholders in the Agricultural Sector have commended Union Bank Plc for investing heavily in rural agriculture and being in the forefront of implementing most of the Federal Government policies on Agriculture to ensure food security in the country. The lender received these praises in Abuja at the two-day Nigerian Finance conference with the theme “Catalysing the Diversification of the Nigerian ...

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UBA Chairman,Elumelu, Says..Technology Has Changed Banking Business

Tony Elumelu, UBA

The Chairman, United Bank for Africa Plc, Mr. Tony Elumelu, says development in financial technology is fast changing the game in the financial services industry in terms of lowering operating costs and enhancing broader customer reach. Elumelu, who made this observation at the bank’s Annual General Meeting held in Lagos, pointed out that the development was becoming a major factor ...

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GTBank Holds 26th AGM, Chairman Advices President Buhari

Guaranty Trust Bank Plc says it expects a further rise in inflation to the lower double digits in 2016. The position of the bank was made known by its Chairman, Mrs. Osaretin Demuren, at the 26th Annual General Meeting of the bank held in Lagos on Tuesday. Demuren noted that in the 2016 to 2018 medium-term expenditure framework, the Federal ...

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Dangote group assures Nigerians of quality products

aliko dangote

Dangote Group has assured Nigerians of quality products at the ongoing 27th Enugu International Trade Fair on Friday. The South East Zonal Director of the company, Tunde Mabogunje, gave the assurance in Enugu, stressing that the company always works hard to ensure that all its products were of high standard. Mabogunje said the products were always affordable, adding that they ...

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