Ex Citigroup MD lands new position at Ecobank
Zainab IwayemiApril 13, 2021
Zainab Iwayemi Ecobank Transnational Incorporated (ETI) has appointed Akin Dada, a former Citigroup managing director as its group executive, corporate & investment banking following the retirement of Amin Manekia in 2020. Akin who joined Ecobank in 2017 as the Executive Director for corporate bank in Nigeria, went on to lead as the group head, […]
Better days ahead! Insurance firms see big profits amid crises in 2020
Zainab IwayemiApril 12, 2021
· 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
Wale AmeenApril 12, 2021
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 […]
Coronation Merchant Bank set to issue Series XV & XVI commercial papers under its N100bn CP Programme
Charles AbuedeApril 9, 2021
Charles Abuede Nigeria’s leading merchant bank, Coronation Merchant Bank (CMB) limited has announced the launch of its Series XV and XVI Commercial Paper (CP) Issuance under its N100 billion commercial paper issuance programme which will be between 180 and 268 days tenor with 7.25 per cent interest yield under the Series XV 180 days […]
Stanbic IBTC maintains support for Nigerian youth; holds fourth edition of Youth Leadership Summit
Charles AbuedeApril 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 […]
Unilever, FMCG company, charges victims of domestic violence to ‘speak out’
BEN EGUZOZIEApril 8, 2021
…Unveils ‘Unmute’ campaign Ben Eguzozie Unilever, global fast-moving consumer (FMCG) manufacturer, as part of its decided effort at ending rising cases of domestic violence, has called for an end to the anti-human act, while at the same time, it encouraged victims of the vice to speak out. Aline Santos, executive vice […]
Unilever Nigeria Plc records robust top-line growth as strategic operational performance helped cut losses by 53% to N4bn
Charles AbuedeApril 8, 2021
Charles Abuede Unilever Nigeria Plc, a leading personal care and consumer goods company in Nigeria has announced in the audited full-year 2020 results that it has been able to reduce its loss after tax by 53 per cent year on year to N4.0 billion in 2020 from N7.4 billion reported in the prior year […]
Former Barclays Bank GM, Tomisin Fashina emerges Ecobank Group Executive, Operations & Technology
Zainab IwayemiApril 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
Charles AbuedeApril 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
Wale AmeenApril 2, 2021
…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 […]