Category: Business

Access Bank Plc, one of Nigeria’s leading financial institutions on Wednesday, put smiles on the faces of it’s Shareholders after the 28th Annual General Meeting (AGM) of the bank in Lagos, having given out a total of N18.8 billion in dividends for the year ended December 31, 2016. The dividend translates to 65 kobo per share, up from 55 kobo per share received in 2015. The declaration of a better dividend payout for its shareholders was reflective of Access Bank’s better than expected revenue of N381.3 billion, an increase of…

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The food security and youth employment goals of the federal government is receiving major support with the establishment of a rice processing mill with 120,000 metric tonnes capacity in Argungu, Kebbi State by WACOT Rice Limited, a member of the TGI Group. The rice mill is part of WACOT’s expansion plan, which targets a capacity increase with additional rice plants to overall 500,000 metric tonnes in the next years. Located in Argungu Local Government Area, along the Argungu-Sokoto road, the rice processing plant is the first rice mill to be…

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In order to educate, inform, advise and inspire budding entrepreneurs with knowledge and expertise that will enable them build sustainable and successful businesses, Fidelity Bank Plc is sponsoring ‘The Fidelity SME Forum’, a weekly radio programme. This month, Fidelity Bank is hosting an entertainment series tailored to highlight the business side of entertainment and the opportunities that exist. Starting the series is Don Jazzy, CEO of the Supreme Mavin Dynasty. In this episode, Jazzy insight into ‘Understanding the Business Side of the Nigerian Entertainment Industry’. The episode also features Nnamdi Okonkwo, MD & CEO…

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Food lovers from across the world can once again look forward to an unparalleled culinary experience as the 2nd edition of the GTBank Food & Drink Fair is set to hold during the Worker’s Day holiday on Sunday the 30th of April and Monday the 1st of May, 2017. The 2-day event will treat attendees to enthralling gastronomic tours across a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian Food Industry a free and vibrant platform to connect with a wider segment of their…

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In celebration of the 2017 International Women’s Day, Group Managing Director/CEO of Skye Bank Plc, Tokunbo Abiru, has extolled the role of women as change agents in the society. The IWD, marked every March 8, is a global day and an important opportunity to celebrate the social, economic, cultural and political achievements of women across the world as well as help to drive positive change for womenfolk. Mr. Abiru praised the resilience of women, who according to him, have over the years, shown what great pillar of support they can…

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Following a motion by Sen. Gbolahan Dada (Ogun-APC), Nigeria Senate on Thursday mandated its Committee on Customs, Tariff and Excise to investigate alleged unlawful raid of rice shops at Kayero Market, Sango Ota, Ogun by Nigeria Customs Service (NCS). Officials of the service were said to have raided the market on Feb. 22 and allegedly carted away goods and other commodities described as contraband. The senate’s resolution followed a motion by Sen. Gbolahan Dada (Ogun-APC), who alleged that the Customs officers broke into shops and made away with goods worth…

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The winner of the Porsche 911 Giveaway Draw organised by leading African Financial Institution, Guaranty Trust Bank plc, has opted for the cash equivalent of his Porsche 911 Carrera reward. Abdulkareem Buhari, a 30-year old trader in Kaduna, was announced as winner of the GTBank Porsche 911 Giveaway Draw after a raffle draw held on Wednesday, December 15, 2016 at the Corporate Head Office of the Bank. Following his preference of a cash equivalent, the Bank presented Abdulkareem with a cheque. The GTBank Porsche 911 Giveaway is part of the…

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South Africa’s Nedbank on Tuesday said that Ecobank Transnational Incorporation (ETI) remains vital to its expansion elsewhere on the African continent despite booking a $293 million write-down on the value of its stake in the sub-Saharan lender. Ecobank has operations in nearly 40 countries outside its home market. Nedbank Chief Executive, Mike Brown, told reporters ““It’s obvious that we would be disappointed. But we still, however, remain optimistic on the long-term growth prospects in the rest of Africa.” ETI’s operations in Central and West Africa are exposed to some economies…

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Foremost African financial institution; Guaranty Trust Bank plc, reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Private Banking Services, Best Commercial Banking Capabilities & Best Net-worth Specific Services in Africa’ during the 2017 Euromoney Private Banking Awards which held on Wednesday, February 22, 2017 at the Plaisterer’s Hall in the City of London. Now in its 14th year, the Euromoney Private Banking and Wealth Management Survey is the industry’s leading barometer for product innovation and service delivery to private banking clients. The survey…

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In what can be categorized as a really great moment, foremost financial institution, Guaranty Trust Bank plc, has reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner during the 2017 Electronic Payment Incentive Scheme (EPIS) awards organised by the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS). With six awards, GTBank took home half of the dozen honours won by Banks and had the highest number of the total awards presented to the financial institutions, Fin-techs, merchants…

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