Rising from a lower profit margin of N10.2 billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147 billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back profit-making is far beyond recoveries made, but rather it’s…
…..Global energy access gap persists: 675 million people without electricity, 2.3 billion people reliant on harmful cooking fuel By Ayomide Otitoju A new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO), released today, finds that…
By Ayomide Otitoju The World Health Organization (WHO) and European Commission have announced today the launch of a landmark digital health partnership. In June 2023, WHO will take up the European Union (EU) system of digital COVID-19 certification to establish a global system that will help facilitate global mobility and protect citizens across the world…
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named ‘Best Banking CEO of the Year in Africa’ in the International Banker 2023 Banking Awards. A statement said at the award which was published in the Spring 2023 issue of the International Banker Magazine, Onyeagwu was honoured with other…
•Govt Urges Lagos residents to stop patronizing black marketers By Ayomide Otitoju Following the recent increase in the price of Petroleum Motor Spirit (PMS), known as petrol, as a result of the removal of subsidy, Lagos State Government has advised residents of the State against panic buying and hoarding of fuel. The State Government also…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has relaunched the UBA Alumni Network Program, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees. Improving upon the services it promised when it was first launched two years ago, the revamped UBA Alumni Network will now offer a wide array…
Nigeria’s most innovative financial institution, Wema Bank Plc, held its 2022 Annual General Meeting yesterday May 31st, 2023 amidst encomiums over the sterling performance of the bank and the huge dividend payout. Specifically, shareholders of the bank commended the board and management for delivering a good result in the financial year. A shareholder, Mr. Badmos…
The new Managing Director of the Nigerian Airspace Management Agency (NAMA), Tayib Mohammed Odunowo, has said he will bring the wealth of his experience in the aviation industry to reinvigorate the agency, while commending his predecessor, Lawrence Pwajok for the efficient way he managed NAMA to ensure improvement of air safety in the country. Reports…
By Ayomide Otitoju The highly anticipated Lagos Leather Fair (LLF) returns with a bigger and better 2023 edition. The event, which is the largest gathering of leather enthusiasts in Africa, is set to take place between Saturday, 17th and Sunday, 18th of June 2023 at the Balmoral Convention Center, Victoria Island, Lagos. The Lagos Leather…
