Alawuba, Laidi appointed DMDs at United Bank for Africa Plc
Leading Africa’s global bank, United Bank for Africa Plc (UBA), has announced the appointments of Ayo Liadi and Oliver Alawuba as Deputy Managing Directors in charge of its Nigeria and Africa businesses, respectively. Business Hilights gathered on Tuesday that the…
NSE upgrades X-Issuer to maintain market integrity
The Nigerian Stock Exchange (NSE) is pleased to announce the upgrade of its Issuers’ Portal (X-Issuer) on Monday, 06 July 2020. X-Issuer which was first launched in 2013, is a secure web-based portal designed to enable Issuers conveniently file information…
CACovid donates N1.4bn medics, additional 26,400 test kits to boost testing in Nigeria
The private sector-led Coalition against COVID-19 (CACOVID) has donated N1.4 billion worth of medical supplies and additional 26,400 test kits sufficient to set up six fully functional COVID-19 medical laboratories in the fight against the pandemic. Presenting the test kits…
Fidelity Bank Announces Changes to its Board
…Appoints Chike-Obi Chairman, as Ebi Retires. Lagos Nigeria, July 5, 2020: Fidelity Bank Plc has announced that two of its Board members: Mr. Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr. Seni Adetu who…
Heritage Bank shuts branch for disinfections over suspected Covid-19 case
Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made…
Economy still at risk as domestic debt service overshoots quarterly revenue
Facts from latest report from the Debt Management Office (DMO) have shown that Domestic debt servicing gulps N609.13b in Q1, a strong indication that the entire economy is still at risk of instability. Otherwise, the Federal Government has spent N609.135…
Ecobank Group spearheads new private sector initiative to end Malaria
Ecobank Group on Thursday, confirmed its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership with Dakar-based not-for-profit strategic communications and advocacy organization, Speak Up Africa, and the UN-hosted RBM Partnership to End Malaria….
Okonedo in, Oteh out on Ecobank Board
Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo as board members of the bank. A statement issued by the Group Head Communication, Adenike Laoye, explained that the election took place at the Bank’s…
Transcorp Hotels set to raise N10b rights issue
Core investors and shareholders of Transcorp Hotels Plc have authorised the Board of Directors to raise N10 billion in new equity capital from shareholders as part of efforts to strengthen the capital base of the hotel and tourism company. At…
NPA denies running hidden $1bn account in any bank
Following the leakage of the petition against the AGF by a whistleblower over delays in paying his cut in line with the policy after giving tips that the Nigerian Ports Authority (NPA) had a secretly ran dollar account with not…
