Business Hilights

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Banking/Investments

Fidelity Bank adjudged Bank of the Year @ Silverbird Award

Silverbird Group has crowned leading retail financial institution, Fidelity Bank as the Bank of the year. The honour was done the bank during the 2019 Silverbird Man of the Year Awards ceremony in Lagos.

Sanwo-Olu unveils UBA Business Office @ New Afriland Towers

As part of its seamless customer service access, Africa’s global bank, United Bank for Africa (UBA) has officially added a new touch point to its network. Recall that UBA operates in 20 African countries and in the United Kingdom, the…

Just in: UBA’s released audited results show profitability growth of 13.3% y/y

More remarks have continued to trail the recently released UBA Plc’s audited FY-19 numbers, which showed that the bank recorded a 14.6% y/y EPS growth to NGN2.52 for the fiscal year. The major takeaway amongst other is that whereas the…

Autonomy of internal auditors sure cure for official corruption in Africa—Ghana Audit chief

Ghana Auditor General, Mr Daniel Yao Dormelevo has opened up on one of the most official ways of fighting official corruption in African government, saying the best bet remains the autonomy of Auditor general’s offices in the continent. Several reports…

Dangote dissociates border closure to drop in his Cement’s 2019 earnings shock

…But closure forced Dangote cement export to fell 41% in 2019 Contrary to trending news report that one of the key reasons why Dangote Cement experienced drop in profitability for the year 2019 was border closure, President of the Dangote…

Outrage trails FG’s award of N29.2bn roads to Niger Republic borders

Barely 24 hours after the Federal Executive Council (FEC) presided by President Muhammadu Buhari Wednesday announced the award of two roads contracts linking Nigeria’s borders with the Republic of Niger, totalling N29.2bn, many Nigerians have started asking questions if all…

(Special Report) Technologies turning banking halls empty?

Since the soaring deployment of innovative financial technologies (Fintech), the future of banking have started drifting from mere physical structures with bankers glued to their computers serving people on the line  to terminals of financial deals without human interface, but…

Guard against technology from nations known for fake products, Minister tells NOTAP

The Minister of State for Science and Technology, Alhaji Mohammed Abdullahi has cautioned the National Office for Technology Acquisition and Promotion (NOTAP) to be very careful in treating technologies coming from countries that were known for producing substandard products. Addressing…

Fidelity Bank creates more millionaires with GIAM S4 promo

Leading retail financial giant, Fidelity Bank Plc has redeemed winnings’ from the ongoing Get Alert in Millions (GAIM) promo Season 4. Earlier this week, lucky customers of the bank across the country received cash and consolation prizes at the 2nd…

How Dangote’s local content spirit revived ANAMMCO—ABC Transport boss

Fresh facts have emerged on the secrets behind the surprise survival of the hitherto moribund Anambra Motor Manufacturing Company (ANAMMCO), Enugu, which had been the pride of Eastern auto industry commissioned in 1980 by the Federal Government in partnership with…