Tevfik Arif shares how to be your own boss with success
Businessam StaffApril 17, 2023
Tevfik Arif shares how to be your own boss In this article, founder and former CEO Tevfik Arif invites us to hear his take on becoming your own boss. From a vast background in international real estate investing, he serves as a mentor to many aspiring self-employers. Running a business can be simple yet highly […]
UBA makes impressive start to 2023 as Q1 earning up 47.5% with N61bn PBT
Business a.m.April 17, 2023
By Business A.M. United Bank for Africa Plc, with the proud pay-off line, Africa’s Global Bank, has made an impressive start to the 2023 financial earnings season after it reported a 47.5 percent jump in first quarter earnings and a profit before tax of N61.4 billion. The bank’s Q1 performance was released to the Nigerian […]
GTCO shareholders to get N3.10 per share in dividend on N214bn FY PBT
Onome AmugeApril 17, 2023
By Onome Amuge Shareholders of financial holding company, Guaranty Trust Holding Company Plc (GTCO), will be taking home N3.10 per share as full year dividend after it announced N214.2 billion as profit before tax (PBT) for the 2022 financial year. The PBT for the year was down just 3.3 percent from the N221.5 billion reported […]
MTN, NPFL, LaLiga kickoff 2023 U-15 football tournament
Businessam StaffApril 15, 2023
MTN Nigeria, Nigeria Professional Football League (NPFL) and LaLiga, the men’s top professional football division of the Spanish football league system, have announced the 2023 edition of the U-15 youth league tournament. The tournament kicked off on April 13, 2023, after a press briefing at the Remo Stars stadium in Ikenne, Ogun State. The U-15 […]
NSIA commits to sustaining diversified assets strategy as net assets hit N1.02trn
Onome AmugeApril 14, 2023
By Onome Amuge The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth funds, has reiterated its commitment to sustaining diversified assets strategy in its core areas of healthcare, toll roads, gas industrialisation, technology, ESG, financial markets infrastructure, toll roads, power and agriculture. This is on the back of a 10.5 per cent growth […]
CBN moves to invest unclaimed monies in dormant accounts in T-bills
Olivia NnoromApril 14, 2023
By Olivia Nnorom The Central Bank of Nigeria (CBN) has proposed that banks transfer funds in accounts that have been dormant for up to 10 years into a Trust Fund account which will ultimately be invested in Treasury Bills. This is contained in the recently released exposure draft of guidelines on the Management of Dormant […]
Old Mutual launches radio programme to promote financial literacy
Cynthia EzekweApril 13, 2023
By Cynthia Ezekwe Old Mutual Nigeria, a subsidiary of Africa’s financial services group, Old Mutual Limited (OML), has launched a radio programme entitled ‘The Money Beats Show,’ to promote financial education and adoption of insurance products for Nigerians. The Money Beats show intends to upskill Nigerians to be financially smart and savvy risk managers by […]
DLM Capital redeems N20.161bn of N25bn SPV securitisation
Cynthia EzekweApril 12, 2023
By Cynthia Ezekwe DLM Capital Group, a development investment bank , has redeemed a total of N20.161 billion, which is a major part of the CERPAC Receivables Securitisation Funding SPV and paid investors involved in the N25 billion future flow receivables backed securitisation transaction. DLM Capital,in a statement, noted that the redemptions were for the […]
OAGF partners Entop to enlighten MDAS on IPSAS-Compliant financial statements
Cynthia EzekweApril 12, 2023
By Cynthia Ezekwe The Office of the Accountant General of the Federation (OAGF) in collaboration with Entop Consulting, a financial and management consultant firm, has organised a 2-day nationwide capacity building programme for public sector entities on preparation of Accrual IPSAS-compliant financial statements by ministries, departments, and agencies (MDAs) on geopolitical zone basis. The International […]
ADF okays $8 million to facilitate digital banking system in West Africa
Cynthia EzekweApril 10, 2023
By Cynthia Ezekwe The board of directors of the African Development Fund (ADF) has approved $8 million to facilitate the digital banking system in West Africa. A statement by African Development Bank (AfDB) disclosed that the fund was for establishing a digitally interoperable unique bank identification system in West Africa, and to establish […]