Customers to win N200m as UBA begins 75th anniversary promo
In line with its usual custom of rewarding loyalty, Africa’s Global Bank, United Bank for Africa Plc, is set to launch the “UBA Legacy Promo” as part of activities to mark its 75th year anniversary. This campaign has been specially…
Adaora Umeoji highlights Zenith Bank’s robust financial metrics
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth…
Zenith Bank set to unveil capital-raising drive
Zenith Bank Plc, is on the verge of concluding arrangements to unveil its capital raising drive aimed at meeting the Central Bank of Nigeria, CBN’s new capital base for the banking sector. The bank is also preparing to complete its transition…
NNPC Stake In Dangote Refinery Now 7.2% – Dangote
Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki…
Access Bank Targets Top 20 Position in UK, $1bn Profit by 2027
Access Bank, sub-Saharan Africa’s largest bank by customer base, has shared insights about ambitious plans to position its UK subsidiary, Access Bank UK, among the top 20 banks in the United Kingdom, targeting an annual profit of $1 billion by…
Golden Guinea wins N10bn eight-year suit against AB InBev
Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of…
World Bank Group opens application for young professionals programme
In a statement on Thursday, the group said the application will open on September 1, 2024, and remain open until 11:59 pm on September 30. The World Bank said the programme is aimed at recruiting young professionals from around the…
CBN appoints Sule Minjibr as acting MD, NSPMs, sacks previous management
The Central Bank of Nigeria (CBN) on Wednesday sacked the top management team of the Nigerian Security Printing and Minting Plc, (NSPM) and appointed Abubakar Sule Minjibr as the acting Managing Director. The development is contained in an internal memo…
AEDC targets fresh jobs in Nigeria’s power sector
The Abuja Electricity Distribution Company, AEDC, has announced strategic initiatives to boost Nigeria’s economy and create jobs in the power sector. Adefisayo Akinsanya, the Head of Marketing and Corporate Communication, AEDC disclosed this in a statement, quoting Victor Ojelabi, the…
FG plans N110bn youth enterprise clusters
Vice President Kashim Shettima has disclosed plans by the Federal Government to establish a Presidential Initiative on Youth Enterprise Clusters that will cost N110 billion. He stated this on Thursday at an event organised to commemorate the 2024 World Population…