Better days ahead! Insurance firms see big profits amid crises in 2020

8 hrs

·        Prestige, Linkage, Consolidated Hallmark swim in high earnings   Zainab Iwayemi   The Nigerian insurance industry, for the first time in a long while, appears to present a clearer atmosphere, offering stakeholders an opportunity to have a good glance into what experts see as the bright future ahead for insurance in the country. A study […]

ASR Africa Initiative unveils Ubon Udoh as pioneer Managing Director

8 hrs

Ubon brings his wealth of experience spanning over 20 years to bear in steering the affairs of the initiative The ASR Africa Initiative is a brainchild of billionaire businessman, Abdul Samad Rabiu Fund has a yearly commitment of $50 million to developmental issues in Health, Education and Social Development   Wale Ameen Online Editor   Consummate […]

Stanbic IBTC maintains support for Nigerian youth; holds fourth edition of Youth Leadership Summit

April 9, 2021

Charles Abuede   Nigeria’s top lender, Stanbic IBTC holding Plc has maintained its support to continue collaborating with the teeming youthful population to chart ways to harness potentials and accelerate Nigeria’s economic growth. Dr Demola Sogunle, the managing director and chief executive officer of Stanbic IBTC Holdings Plc held this during the fourth edition of […]

Former Barclays Bank GM, Tomisin Fashina emerges Ecobank Group Executive, Operations & Technology

April 8, 2021

Zainab Iwayemi   Tomisin Fashina, an ex-general manager and the present Managing Director, eProcess International, has emerged the new group executive for operations and technology succeeding Eddy Ogbogu, who retired after serving the group for eleven years. Speaking on his appointment, Ade Ayeyemi, CEO Ecobank Group pointed out that the exchange of baton was required […]

Pandemic induced pressures sliced Nigerian Breweries’ revenue by 4.3% y/y to N337bn; declares N0.69k final dividends

April 8, 2021

Shareholders to receive 100% dividends payout in shares or cash options   Charles Abuede    Nigerian Breweries Plc, the foremost brewing company in Nigeria has recorded an improvement in its sales volume during the fiscal year 2020 in spite of the COVID-19 pandemic which negatively impacted businesses. Jordi Borrut Bel, Managing Director, Nigerian Breweries Plc disclosed […]

MTN suspends USSD service

April 2, 2021

MTN recovers from Covid-19 aftermath to post 15% revenue growth to N1.35trn

…urges subscribers to use alternate channels Wale Ameen Online Editor Nigeria’s largest mobile telecommunications company, MTN Nigeria has suspended the use of Unstructured Supplementary Service Data (USSD) on it’s network. Following this outage, mobile network subscribers on the MTN network will not be able to carry out USSD transactions like airtime top-up or transfers on […]

Reduced FX losses drove Access Bank Plc’s robust revenue growth by 14.7% y/y to N764.7bn amidst challenging operating environment

April 1, 2021

Banking group reports an overwhelming Q4’20 numbers with falling gross earnings to N171.9bn   Charles Abuede   Nigeria’s top-most lender, Access Bank Plc has on Thursday announced a 14.7 per cent year on year growth in its total revenue (gross earnings) at N764.7 billion. The robust growth in gross earnings was principally driven by an […]