Business

Shareholders of United Bank for Africa (UBA) Plc have approved the Board’s proposal to pay a dividend of N1.10 per share for the financial year ended December 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) which was held virtually on Thursday, April 27th. The …

Aggrieved staffers sue bank, move to cripple its operations nationwide For Polaris Bank Limited, it’s a story of one day, one trouble as the bank, which is currently being troubled over its controversial sale, is in the news again for the wrong reasons. It was reported that ahead of Nigeria’s …

  Stanbic IBTC Holdings, a member of Standard Bank Group has shared some of its latest findings from the Africa Trade Barometer Report 2022 released recently. The report, which assesses key economic indicators in Africa highlights several noteworthy developments across 10 African countries. According to the report, Nigeria is placed …

…… Declares total dividend of 50K per share Lagos, Nigeria, April 27, 2023: Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and …

Minority shareholders in Solel Boneh, an Israeli civil engineering company, have sued majority shareholders and directors for allegedly mismanaging the company. The minority shareholders, in a petition filed before the federal high court in Abuja, accused the majority shareholders and directors of allegedly running Solel Boneh aground by surreptitiously diverting …

The group chairman of Transnational Corporation Plc (Transcorp), Tony Elumelu said he looks forward to working with the Nigerian billionaire businessman, Femi Otedola at Transcorp. Elumelu disclosed this while speaking in an interview with Arise TV on Wednesday. The Transcorp chairman commended Otedola for his acquisition of a significant stake …

LRCN The interminable crisis rocking the Librarians’ Registration Council of Nigeria (LRCN) has taken a new dimension following the directive by the Nigerian Library Association (NLA) to its members to boycott the activities of the council. President of the NLA, Dominic Omokaro, in a statement issued on Wednesday bemoaned what …

In the heart of Dubai’s bustling financial district, Emirates is set to launch a new City Check‑in and Travel Store,  enabling customers to conveniently book travel, check-in for flights, drop luggage, shop for travel essentials, and save time at the airport. Passengers can avail of complimentary access and discounts to lifestyle …

A prominent Non-Governmental Organization in Nigeria, the Human Rights Writers Association of Nigeria (HURIWA) has tasked cabinet ministers, Directors-General of federal agencies and parastatals, to initiate immediate invitation to the anti-corruption agency of Economic and Financial Crimes Commission (EFCC) to forensically examine their finances as they are winding up the …

The vulnerability of Guaranty Trust Holding Company PLC (GTCO) to scams heightened in the year 2022, as the rate of fraud went up by 84.54 per cent to 27,725 cases from 15,024 in 2021, according to data obtained from the company’s audited 2022 financial statement, BusinessLive writes. Guaranty Trust Bank …