Africa’s Global Bank, United Bank for Africa Plc has assured customers of a memorable summer treat with the recent launch of exclusive benefits and discounts tied to its cards during this period. In a statement, it said its #FunSummer’ campaign, would enable customers to enjoy a wide range of privileges and savings between now and…
The Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has acquired 50 million units of the shares of Sterling Financial Holdings Company Plc in a deal worth N168m. This was disclosed in a corporate notice on directors dealing which was filed with the Nigerian Exchange Limited on Friday.Suleiman, a non-executive director of the HoldCo, had…
By Ayomide Otitoju Lafarge Plc., a leading cement manufacturer in Nigeria, has defied economic challenges in the first half of 2023 as profit before tax rose by 18% in H1 2023, despite the expiration of the Pioneer Status Incentive (PSI), which impacted the Profit After Tax (PAT) growth. The unaudited financial report showed that net…
Banks have begun to increase interest rates on deposits in line with the sustained hike in the Monetary Policy Rate, MPR, by the Central Bank of Nigeria, CBN.At its last Monetary Policy Committee, MPC, meeting previous week, CBN raised MPR by another 25 basis points the sixth consecutive raise in the past one year, to…
Air Peace has said a passenger on board one of its flights who allegedly stole N1 million from another passenger’s bag has been caught, reports The News Agency of Nigeria. The spokesperson for the airline, Stanley Olisa, in a statement on Wednesday, said that the incident took place on board the Abuja-PHC flight P47192 on…
FCMB Group Plc grew its profit before tax for the half year 2023 to N38.2bn, marking a 148 per cent growth compared to N15.4bn in the corresponding period of 2022. It disclosed this in the group’s unaudited six-month results released on the Nigerian Exchange Limited on Tuesday. Across key indicators, the lender recorded impressive growth….
Airtel Africa Plc, on Thursday, reported that it lost $151m due to the harmonisation of foreign exchange rates in Nigeria. It disclosed this in its second quarter report filed with the Nigerian Exchange Limited. The telecom company said, “Profit after tax was negative ($151m), driven largely by a foreign exchange loss of $471m recorded in…
The group operating expenses of Ecobank Transnational Incorporated rose to $563m in the first half of 2023, representing an 11 percent increase when compared to figures recorded during the same period in 2022. The bank disclosed this in its half-year financial report released on Thursday. Ecobank said its “group operating expenses for the first half…
By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc, has initiated the process for regulatory approval of brand name Roadcemby Standards Organisation of Nigeria (SON) under the MANCAP certification scheme. Classic brand of CEM II BL 32.5R grade of cement is certified by SON under the MANCAP scheme. Roadcem brand is…
